Was there a Service Tax on Rail Transport for a Day? Or is it a derailed Notification?
THE above Notification No. 43/2012 states that the exemption is with effect from the date of publication of this notification in the Official Gazette. Now the notification is dated 02.07.2012 and it can be safely assumed that it is published in the Gazette on the same day. At least it could not have been published before it was issued. So, the exemption is from 02.07.2012. Does it mean that rail transport and First Class Rail travel were taxable on 1st July 2012?
Will the Government issue a corrigendum, amendment or a Section 11C Notification?