Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India :: VAT Audit :: due date for vat payment :: empanelment :: cpt :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
« Service Tax »
 E-way Bill - movement of goods under GST
 How the GST rates will affect your money
 GST: The coming disruption in the wholesale trade
  Ways In Which GST Will Impact The Average Indian’s Wallet
 Goods done, GST Council seals tax rate on services
 Respite likely for businesses on e-way under GST
 Govt to strengthen agency under GST to check tax evasion
 1% tax at source under GST likely for online sellers
  Rules For Integrated Goods And Services Tax Act, 2017
 Interpretation Of Central Goods And Services Tax (CGST) Act (Part-5)
 Rules For Integrated Goods And Services Tax Act, 2017

Truckers exempted from 12.5% service tax
June, 27th 2008

In a major relief to over 25 lakh truck operators in the country, the government on Thursday exempted them from payment of service tax on supply of vehicles to goods transport agencies. In a statement, the finance ministry said truck operators would be fully exempted from levy of service tax on supply of vehicles (goods carriage) to a goods transport agency (GTA) for carrying goods by road.

The decision has been taken following a meeting between tax officials and representatives of All India Confederation of Goods Vehicle Owners Associations and All India Motor Transport Congress (AIMTC), which had threatened to go on a nation-wide strike on July 2 over the issue.

Unions said field officers of the service tax department were asking truck operators to pay 12.5% service tax after a notification issued on May 16 this year.

Following announcement in the Budget, the ministry had issued a notification last month making supply of goods carriage to the GTA liable for service tax. Welcoming the government's decision to exempt truck operators, Indian Foundation of Transport Research and Training head S P Singh said, "Since the GTAs already pay service tax, the truck operators cannot be asked to pay that tax as well."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions