Payment of service Tax on service catagory Supply of Tangible goods -Reg, Service Tax

[vinay wakde]

We are giving our own barges on hire & we are receiving shipping income.  We are  paying service tax  under service catagory "Supply of Tangible Goods" on 75% of the shipping income received by us  (abatment  25%).

Kindly let us know from 01.07.2012 onwards, service tax to be paid on 50% of the amount received  by us i.e. abatment 50% instead of 25% available prior to 01.07.2012 for said catagory.

Regards,

VINAY

   

Posts / Replies

[vinay wakde]

The service catagory inadvertently mentioned as "Supply of Tangible goods" instead of Transportation of coastal goods (Payment of ST on reversed charged method). Regards, VINAY