Levy
of Service Tax on Railway Passengers Travelling in Ac Classes/First Class from
1st October 2012 :- No
Service Tax to be Levied on Tickets Issued Prior to
1st October 2012
In Case of Cancellation of Tickets Issued on or after 1st
October 2012, the Applicable Amount Including Service Tax to be Refunded by
Railways
The
Ministry of Railways has made partial modification in levy of Service Tax on the
fare of passengers travelling in AC Classes/First Class from 1st
October 2012. As per the corrigendum
issued by Ministry of
Railways today i.e. 28.9.2012, there are following
changes:
(i) Service
Tax amounting to 3.708% on the total fare of passenger services in
(a) AC First Class,
(b) Executive Class,
(c) AC-2 tier Class, (
d) AC-3 tier class,
(e) AC Chair Car class,
(f) AC Economy class and
(g) First Class is leviable from
the 1st day of October 2012. It has been clarified that the Service Tax would be collected on the
tickets issued/bookings made
on or after 01.10.2012. Service Tax is not leviable on
tickets issued prior to
01.10.2012 and hence will not
be collected on board the trains.
(ii) In case of cancellation of tickets booked by
the passengers on or after 01.10.2012, the applicable amount including refundable Service Tax amount will be refunded by Railways as per
Railway refund rules and Finance Ministry guidelines.
With
Regards
Prakash
Verma
E ID:-
Prkverma@gmail.com
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