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service tax on Transport Business

satish (CA FINAL) (171 Points)

20 September 2007

Hai friends,

Let me know the about service tax on Transport Business (Rate and amount on which tax is leviable)

Satish

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6 Replies

Shyam Lal Naik (Service) (6156 Points)
Replied 21 September 2007

Rate is 12% + 2% EC + 1% SHEC 75% abetment available subject to certain conditions

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(Guest)

What is service tax

Mahesh (CA) (63 Points)
Replied 22 September 2007

HI Mahesh Here Dear Satish You have to bifurcate inward & outward Trasnport, then abetment & Service Tax. As you must be aware, outward trasport from the place of removal is not elegible for CENVAT credit

satynarayan tiwari (Professional) (78 Points)
Replied 22 September 2007

Hai friends
Let me tell about the additional depreciation on mfg. entity whether its applicbale to job work industry which engaged in jobing machine's related items

sorry frineds asked query in not proper group

(Guest)

Let me know about service tax on Rent-a-Cab (Rate and amount on which tax is leviable)

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(Guest)

Hi, As per Notification No.01/2006-ST, dated 01-03-2006 60% abetment for Rent-a-cab service is available i.e. U have to pay on 40% at prevailing Rate i.e 12.36%. SUBJECT TO OTHER CONDITIONS MENTIONED UNDER SAID NOTIFICATION LIKE NON AVAILMENT OF CENVAT CREDIT ETC.