Abatement - Transport of passengers by air - Service Tax Practice Manual / Ready Reckoner - Service Tax

Sr. No. 5 Transport of passengers by air w.e.f. :1.7.2012 Scope of abated service - Notification no 26/2012-ST dated 20.6.2012 From 1.7.2012 to 31.3.2015 5. Transport of passengers by air, with or without accompanied belongings Effective Rate of tax : 40% 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. From 1.4.2015 - Not. 08/2015 - Dated 1.3.2015 5. Transport of passengers by air, with or without accompanied belongings in (i) economy class (ii) other than economy class Effective Rate of tax (i) Economy class : 40% of Service Tax prescribed u/s 66B (ii) Other than economy class : 60% 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.