[vc_row][vc_column][vc_column_text]
In a jolt to country’s importers, the freight incurred on the import of goods will now come under the jurisdiction of service tax from June 1. In a finance bill enacted by the Centre on May 14, several changes were made in the Service Tax Act, which were to come into effect from June. As per the new provisions, importers will now have to pay service tax at the rate of 15 per cent on 30 per cent value of the total freight incurred on import of goods. Flaying the move, importers said this would not only hike the cost of imports, but also increase documentation, which will lead to delays in delivery of goods.
[/vc_column_text][/vc_column][/vc_row]
