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    <title>Service tax on taxable portion in respect of transportation service by vessels - THE FINANCE (No. 2) BILL, 2014</title>
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    <description>Reduction of the taxable portion for transportation of goods by vessel from fifty percent to forty percent under the Finance (No. 2) Bill, 2014 decreases the effective service tax by lowering the taxable component used in the statutory levy calculation for maritime transport, with the change to commence on the Bill&#039;s stated effective date.</description>
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      <description>Reduction of the taxable portion for transportation of goods by vessel from fifty percent to forty percent under the Finance (No. 2) Bill, 2014 decreases the effective service tax by lowering the taxable component used in the statutory levy calculation for maritime transport, with the change to commence on the Bill&#039;s stated effective date.</description>
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