GST effect: AC, first class train fares to go up marginally
With the Goods and Services Tax (GST) coming into effect from July 1, train passengers will have to pay a bit more to travel AC and first class. Service tax on ticket charges is set to be hiked from 4.5 per cent to 5 per cent after the GST implementation.
Service tax is levied only on AC and first class fares in the Railways. So if a ticket costs Rs 2000, then a passenger will have to shell out Rs 2010 from the next month, said a senior railway ministry official.
Gearing up for the GST roll-out from from July 1, the Railways has appointed nodal officer in each state to ensure smooth transition into the new single tax regime. A consultant has been appointed for examining the impact of the GST in the Indian Railways, the official said. Since GST registration is based on PAN details, Railways has already got its PAN.
You might also like
British Airways planes carrying Christians attacked by strange birds in air
A British Airways plane was attacked on air by birds of prey that completely damaged the aircraft. it took a lot of efforts before the pilots were able to land
Hon’ble Chief Minister of Gujarat give his kind consent to be the Chief Guest with his august presence at the 36th IATO Convention in Gandhinagar
The Hon’ble Chief Minister of Gujarat has given his consent of his august presence for the inaugural function of the 36th IATO Annual Convention being held from 16-19 December 2021.
The Landmark Mandarin Oriental, Hong Kong launches ‘The Apartment Suite’
The Landmark Mandarin Oriental, Hong Kong launches ‘The Apartment Suite’ with an exclusive ‘Central Retreat’ introductory package! The Landmark Mandarin Oriental, Hong Kong has unveiled the first of two new
