Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS
« Service Tax »
 Goods and Services Tax: There should not be more than three grades of rates, says Chidambaram
 Chidambaram says there cannot be multiple tax slabs in GST
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST

Rly freight users get 3-month relief from service tax
March, 28th 2012

Freight users of Railways have been spared an effective service tax hit of 3.6 per cent for three more months, though there is no such relief for air-conditioned passengers as yet.

Mr Pranab Mukherjee has deferred the implementation of service tax for rail freight users till July 1, a step that will prevent adding to inflation by not increasing transportation cost of core commodities such as coal, steel and cement. This is the seventh such deferment by the Finance Ministry since April1, 2010.

The Finance Ministry issued a notification to this effect on March 17, as a part of other Budget-related notifications.


The move will help curtail inflation, which was hovering around 6.9 per cent in February. Since then, there have been hike in train freight rate, excise and service tax, all of which will contribute to inflation.

Earlier this month, the Railway Ministry had increased freight rates by about 20 per cent, leading to higher prices of coal, cement, steel, fertiliser and power. This Union Budget also had a move to increase excise duty and service tax by two per cent each.


While sparing the freight segment, the Finance Minister has not yet been as large-hearted for the high-end passengers.

So, over 360 crore train passengers who travel in air-conditioned and non-AC first class every year will continue to attract an effective 3.6 per cent hike from April 1 on account of service tax.

The extent of increase in train fares will be higher for all first class passengers as they will also take on the impact proposed in the Railway Budget.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions