IRS v IRS- Transport of Goods by Rail - Exemption Extended.
IN yesterday's DDT, we had pointed out that the exemption from Service Tax on transport of goods by Rail, was sure to be extended. Government has indeed exempted it.
The following Notifications are amended:
1. Notification No 07/2010-Service Tax, dated the 27th February, 2010 : Rescinds Notification No. 33/2009-S.T dated 01.09.2009[which actually exempts transport of goods by rail and if this exemption is withdrawn, the service becomes taxable]. This notification was effective from 01.04.2011. Now it is made effective from 1st July 2011 – Notification No. , Dated : March 30, 2011
2. Notification No 08/2010-Service Tax, dated the 27th February, 2010: exempts certain goods like Postal Mail Bags, from Service Tax. This notification was effective from 01.04.2011. Now it is made effective from 1st July 2011 – Notification No. , Dated: March 30, 2011
3. Notification No 09/2010-Service Tax, dated the 27th February, 2010: provides abatement to transport of goods by rail. This notification was effective from 01.04.2011. Now it is made effective from 1st July 2011 – Notification No. , Dated : March 30, 2011