TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Railways to Refund Service Tax on Canceled AC and First Class Tickets from October 2012; Automated from October 10.</h1> The Ministry of Railways has issued a procedure for refunding service tax on passenger fare tickets booked and canceled on or after October 1, 2012. Service tax will be refunded except for the portion on cancellation charges retained by the Railways, applied at a rate of 3.708%. This applies to AC and First Class tickets. Between October 1 and October 10, 2012, refunds will be processed manually at booking counters, with records maintained separately. From October 10, 2012, refunds will be automated through PRS and UTS systems. For e-tickets, IRCTC will handle service tax refunds through its application.
TaxTMI 
TaxTMI 
