Levy of Service Tax on Railway Passengers Travelling in AC Classes/First Class from tomorrow i.e. 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

Levy of Service Tax on Railway Passengers Travelling in AC Classes/First Class from tomorrow i.e. 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 https://www.taxtmi.com/news?id=3826 Service tax is levied from 1 October 2012 on specified premium rail classes, with a 70% abatement so tax is charged on 30% of total fare (including reservation, development charge and superfast surcharge); concessional tickets are taxed on the actual fare paid. The tax applies only to tickets issued/booked on or after 1 October 2012, tickets issued earlier are exempt, and refunds for cancelled tickets issued on/after that date will include refundable Service Tax. Collected amounts must be accounted for and remitted to the Ministry of Finance by zonal railway finance departments. en-us Mon, 01 Oct 2012 10:29:35 +0530 Mon, 01 Oct 2012 10:29:35 +0530 TaxTMI RSS Generator Levy of Service Tax on Railway Passengers Travelling in AC Classes/First Class from tomorrow i.e. 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 https://www.taxtmi.com/news?id=3826 Service tax is levied from 1 October 2012 on specified premium rail classes, with a 70% abatement so tax is charged on 30% of total fare (including reservation, development charge and superfast surcharge); concessional tickets are taxed on the actual fare paid. The tax applies only to tickets issued/booked on or after 1 October 2012, tickets issued earlier are exempt, and refunds for cancelled tickets issued on/after that date will include refundable Service Tax. Collected amounts must be accounted for and remitted to the Ministry of Finance by zonal railway finance departments. News - Mon, 01 Oct 2012 10:29:35 +0530 https://www.taxtmi.com/news?id=3826