PRAGATIVADI:LEADING ODIA DAILY

Breaking News


Latest News Update

GST effect: AC, first class train fares to go up

GST

New Delhi: 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 hike from 4.5 per cent to 5 per cent after the GST implementation.

Service tax is levied only on AC and first class travel 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, as per sources.

Gearing up for the GST roll-out from from July 1, the Railways have appointed nodal officer in each state to ensure smooth transition into the new single tax regime.

Comments

Most Popular

Follow us on

Archives

Subscribe Our News

Enter Your Email Address

Copyright © 2016 Pragativadi. Powered by 4u Software Solutions

To Top