Service tax payable on 25% of the gross amount charged by goods transport agency (w.e.f 1/1/2005) - 032/04 - Service Tax

Service tax on goods transport agency limited to tax on reduced assessed value; exemptions exclude cenvat users and prior-notification beneficiaries.

Service tax on taxable services by a goods transport agency for road transport is limited to tax calculated on a value equal to 25% of the gross amount charged; the exemption does not apply where Cenvat credit has been taken or where benefit under Notification No. 12/2003-Service Tax has been availed.