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Tag: Train Coomuters

Hard Days For Train Commuters From 1st June

[New Delhi] Hard Days For Train Commuters From 1st June
Fares for first class and AC class in passenger trains besides freight charges will be increased by 0.5 per cent from June 1 as new service tax will come into effect.
“Currently, 3.708 % service tax is levied on train fares for AC Class, First Class and freight. This will go up to 4.2 % from June which means the rise is only 0.5 %,”
While the increase in passenger fare is applicable on AC and First Class only, service tax will be levied on all goods transported by Railways.
The official claimed this hike a marginal hike and it is being done as per the General Budget proposals