Abatement - Transport of goods by rail - Service Tax Practice Manual / Ready Reckoner - Service Tax

Sr. No. 2 Transport of goods by rail w.e.f. 1.7.2012 Scope of abated service - Notification no 26/2012-ST dated 20.6.2012 From 1.7.2012 to 31.3.2016 2. Services in relation to transport of goods by rail Effective Rate of tax : 30% of Service Tax prescribed u/s 66B Conditions : CENVAT credit on inputs,capital goods and input services used for providing the taxable services has not been taken under the provisions of cenvat credit rules,2004 From 1.4.2016 - Not. 08/2016 - Dated 1.3.2016 2. services in relation to transport of goods by rail (other than service specified at Sl. No. 2A) Effective Rate of tax : 30% of Service Tax prescribed u/s 66B Conditions: CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004. Definitions and meanings: 65B (25) goods means every kind of movable property other than actionable claim and money; and includes securities, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale;