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August 2011

Implementation of service tax levy on transportation of goods by rail deferred once again — Notification No. 38/2011, 39/2011 and 40/2011-Service Tax, all dated 14-6-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta
Chartered Accountants
Reading Time 1 mins
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The Central Government has issued the above three Notifications to further defer the levy of service tax on transportation of goods by rail to January, 2012 by amending the earlier Notification Nos. 7/2010, 8/2010 & 9/2010-Service Tax, all dated 27th February, 2010. However, even after the levy becomes effective rail transportation of defence and military equipments, postal mail bags, luggage of train passengers, food grains, pulses, petroleum products for the public distribution system, organic and chemical manure, motor vehicles, etc. would be exempted from levy. Further 70% abatement norms too would now come into force from 1st January, 2012.
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