The implementation of service tax levy on transport of goods by rail has been deferred, once again. This levy will now come into effect from April 1 against the earlier announced date of January1. This is the sixth time that the implementation of this levy has been deferred. Given the high inflation situation in the economy, it is being felt that any service tax levy on rail freight would adversely impact domestic industry, especially cement and steel manufacturers.
Source : The Hindu Businessline
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