Monday, February 29, 2016

#ServiceTax on Services provided by #IndianShippingLines

#ServiceTax  on Services provided by #IndianShippingLines by way of transportation of
goods by a vessel to outside India being zero rated with effect from 1st March, 2016 and Input tax credit is allowed  ;
 and
b) Service tax  @ 14% on services provided by them by way of transportation of goods by a vessel from outside India up to the customs station in India being imposed, with effect from 1st June, 2016.