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February 2013

No service tax on transportation of milk within India by rail or a vessel. Circular No.167/2 /2013 – ST dated 1st January, 2013

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants

Reading Time 1 mins

The expression ‘foodstuff’ specified in the exemption Notification No. 25/2012-ST dated 20-6-2012 would cover ‘milk’ and hence, no service tax will be applicable on transportation within India of milk by rail or vessel .

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Exports – Special deduction – Leasing right are ‘goods’ and transfer of such rights constitute ‘sale’ of merchandise / goods and the profits thereon are eligible for deduction u/s. 80HHC.

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February 2013

No service tax on transportation of milk within India by rail or a vessel. Circular No.167/2 /2013 – ST dated 1st January, 2013

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Exports – Special deduction – Leasing right are ‘goods’ and transfer of such rights constitute ‘sale’ of merchandise / goods and the profits thereon are eligible for deduction u/s. 80HHC.

Notices/Reminder letters for renewal premium to life insurance policyholders are not invoices

Journal

Brieficles

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February 2013

No service tax on transportation of milk within India by rail or a vessel. Circular No.167/2 /2013 – ST dated 1st January, 2013

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You May Also Like

Exports – Special deduction – Leasing right are ‘goods’ and transfer of such rights constitute ‘sale’ of merchandise / goods and the profits thereon are eligible for deduction u/s. 80HHC.

Notices/Reminder letters for renewal premium to life insurance policyholders are not invoices