Abatement - Transport of goods in a vessel - Service Tax Practice Manual / Ready Reckoner - Service Tax

Sr. No. 10 Transport of goods in a vessel (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 10. Transport of goods in a vessel Effective Rate of tax : 40% of Service Tax prescribed u/s 66B Conditions: CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004. From 1.4.2015 to 31.3.2016 - Not. 08/2015 - Dated 1-3-2015 10. Transport of goods in a vessel 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 service, has not been taken under the provisions of the CENVAT Credit Rules, 2004 . From 1.4.2016 Not. 08/2016 - Dated 1-3-2016, 10. Transport of goods in a vessel Percentage taxable: 30% 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; 65B (53) vessel has the meaning assigned to it in clause (z) of section 2 of the Major Port Trusts Act, 1963; (38 of 1963.)