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of <h1>Service Tax on Rail Parcel Transport Effective Oct 1, 2012; Exemptions Include Personal Luggage and Defense Equipment.</h1> Effective October 1, 2012, service tax will be imposed on the transportation of parcel traffic by rail, both leased and non-leased, as per the Finance Bill 2012. Exemptions include personal luggage, relief materials, defense equipment, postal mail, household effects, registered newspapers, railway materials, agricultural produce, and specific foodstuffs. The tax rate is 3.708% on the total freight after a 70% abatement. The tax will be collected at booking and reflected on relevant documents. Railways must register for tax remittance, maintain accurate records, and ensure staff are informed about the tax provisions. Modifications by the Ministry of Finance will be applied as needed.
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