30 November 2010
Notification 13/2008 ST dated 01.03.2008 provides an exemption of 75% of the gross amount charged for the transportation of goods and consequently, service tax would be payable only on 25% of the amount charged, at the applicable rate which is 10.3% at present. Whether there is any subsequent notification regarding the increase or decrease of the abetment/exemption. Please clarify.
CAclubindia
