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Friday, September 28, 2012

CLARIFICATION ABOUT SERVICE TAX BY RAILWAYS

No.223/2012-1328-09-2012
Secunderabad
No Service Tax on Tickets Issued Prior to 1st October, 2012


It was announced earlier that Service Tax will be levied o­n AC and First Class Tickets issued in advance i.e., before 1st October, 2012 for travel o­n or after 1stOctober, 2012 and Railways will not be able to refund the service tax collected. Railway Board have issued the following modifications in respect of these announcements cancelling the service tax o­n tickets issued prior to 1stOctober, 2012 for journey o­n or after 1st October, 2012 and allowing the railways to refund service tax o­n tickets booked o­n or after 1stOctober, 2012;-
1)Service Tax is not leviable o­n Tickets issued prior to 1st October, 2012 and hence service                       tax will not be collected from the passengers o­n Board by Travelling Ticket Examiners.                           Service Tax is leviable from 1st day of October, 2012. Service tax will be collected o­n the                         Tickets issued / booking made o­n or after 1stOctober, 2012.
2)In case of cancellation of tickets booked by the passengers o­n or after 1st October, 2012, the service tax will be refunded by the Railways except for the portion of service tax o­n the amount of cancellation charges retained by the Railways.
3)Wherever food and refreshment are a part of the total ticket fare, service tax will be levied o­n the gross amount charged from the passengers towards the ticket at the rate of 3.6% + 0.072% Education Cess + 0.036% Higher Education Cess (Total – 3.708%).
                  It is clarified that the imposition of Service Tax is done as per the provisions of                                         Finance Bill-2012.
Railways will not retain the Service Tax proceeds with them and will remit the amount of             Service Tax collected from the passengers to the Central Government Exchequer as per the procedure.

1 comment:

sam kammy said...

Thanks for sharing news of clarification about service tax by railways on tickets which has issued prior. It is very good information for passangers.