The Hindu Business Line : Service tax relief for truck owners

Supply of transport vehicles to goods transport agency (GTA) for transport of goods by road will not attract service tax, the Finance Ministry said here today. Budget 2008-09 had said that services provided in relation to “supply of tangible goods for use, without transfer of possession and effective control” would attract service tax from May 16. The field formations in the revenue department had taken a stance that “goods carriage” (transport vehi cles) would be covered under this provision and hence service tax would be applicable on supply of goods carriage to GTA. Based on the representation of the All India Confederation of Goods Vehicles Owners’ Association (ACGVOA) and also from the All India Motor Transport Congress, the Finance Ministry has exempted fully the levy of service tax on supply of goods carriage to GTA for use in transportation of goods by road. “We are happy. Truck owners are grateful to the Government as it has responded to our demands. Truckers feel greatly relieved by the latest move of the Finance Ministry,” Mr Chittranjan Dass, Vice-President, ACGVOA, told Business Line. – Our Bureau

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