25 August 2016
Mega Exemption Notification No. 25/2012-ST has exempted the levy of service tax, as follows: (a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/ or (b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/- So, How to calculate the value of consignment Rs.1500/ or Rs. 750, weather it is for per single transaction or for the whole year?