MANU/DSTX/0033/2012
Ministry : Ministry of Finance
Department/Board : Service Tax
Notification No. : 13/2012-ST
Date : 17.03.2012
Referred IN
Exemption on levy of tax on specified taxable service under section 66B of the Finance Act, 1994 (32 OF 1994)
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service of the description specified in column (2) of the Table below, from so much of the service tax leviable thereon under section 66B of the said Finance Act, as is in excess of the service tax calculated on a value which is equivalent to a percentage specified in the corresponding entry in column (3) of the said Table, of the gross amount charged by such service provider for providing the said taxable service, subject to the relevant conditions specified in the corresponding entry in column (4) of the said Table, namely;-
Table
|
Sl. No.
|
Description of taxable service
|
Percentage
|
Conditions
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
Financial leasing services including equipment leasing and hire purchase
|
10
|
Nil.
|
|
2
|
Transport of goods by rail
|
|