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Service tax on taxable portion in respect of transportation service by vessels - THE FINANCE (No. 2) BILL, 2014 |
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| 13-7-2014 | |||
Service tax on taxable portion in respect of transportation service by vessels: • Taxable portion in respect of transport of goods by vessel to be reduced from 50% to 40%. Effective service tax will decrease from the present 6.18% to 4.944%. This will come into force from 1st October 2014. |
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