Welding of Railway Tracks with labour services is ‘Composite Supply’, attracts 18% GST: AAR [Read Order]
The West Bengal Authority For Advance Ruling ( AAR ) bench of Brajesh Kumar Singh and Jyojit Banik decided that the welding of railway tracks with labour services will be viewed as a composite supply
Composite Goods used Primarily as Parts of Railway Locomotives to be classified under Heading 8607 Taxable at 5%: AAR [Read Order]
The West Bengal Authority of Advance Ruling in an application filed by Kay Pee Equipments Pvt Ltd held that composite goods manufactured by the Applicant that is used primarily as parts of railway locomotives are
‘Door Closer’ supplied to Railways attract 12.5% VAT: Delhi VAT Commissioner Clarifies [Read Order]
In a determination application filed under Section 84 of Delhi Value Added Tax Act 2004, the Delhi VAT Commissioner clarified that the item ‘door closer’ supplied to railways for use in coaches, bogies and other
No ITC can be claimed on 5% GST paid on License Fee to Indian Railway or IRCTC: AAAR [Read Order]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) while upholding the AAR’s ruling held that no Input Tax Credit (ITC) can be claimed on 5% GST paid on a license fee to Indian Railway
Food Fascism: 5% GST on Rotis while 18% tax on Kerala Porotta is totally an absurd move of Authority, Twitterati expresses disappointment
Twitter is flooded with the disapproval of the recently passed AAR’s ruling which says that the product ‘Porotta’ is classified under Chapter Heading 2106 however it is not khakhra, plain chapati or roti, so 18%
GST Wrongly paid to Railway under Bonafide Belief: Bombay HC Orders Refund and directs Dept to Take a Sympathetic View [Read Order]
In an assessee-friendly ruling where the payment of GST was made to the railway instead of the GST department, the Bombay High Court has asked the department to take a sympathetical view while imposing penalty
No Service Charges can be levied to the property held by the South Eastern Railway, says Chhattisgarh HC [Read Judgment]
The Chhattisgarh High Court said that, Property of South Eastern Railway is exempted from payment of Service Charges by virtue of provisions contained in Article 285(1) of the Constitution of India. The petitioner South Eastern
Execution Work by Railway for Dismantling of Existing Sleeper Fixing and/or Installation of New H-Beam Steel Sleepers is not Composite Supply of ‘Original Work’: AAR
The West Bengal Authority for Advance Ruling ( AAR ) has held that the execution work by Railway for dismantling of existing sleeper fixing and/or installation of new H-BeamSteel sleepers is not composite supply of
5% GST on Supply of Goods classified under Chapter 86 to Railways: General Tax Rate Applicable to Other Goods, says CBEC [Read Circular]
The Central Board of Excise and Customs (CBEC) clarified that when goods classified under chapter 86 is supplied to railways, it attracts five per cent GST. However, noramal GST rates are applicable in case of
Service Tax Demand on Konkan Railways: SC issues Notice to file Counter-Affidavit
The Supreme Court of India issued notice to file counter affidavit in the matter regarding service tax demand on Konkan Railways. Confirmation of duty demand along with interest and penalty for the extended period made
Govt Exempts Bonds of Indian Railway Finance Corporation from Income Tax [Read Notification]
The Central Board of Direct Taxes (CBDT) today notified that Bonds of Indian Railway Finance Corporation will be exempted from Income Tax under section 54EC of the Income Tax Act, 1961. The Notification stated that
E-Tickets from IRCTC are exempted from Service Charge till March 2018
In a relief to rail passengers, tickets booked through online would continue to be exempted from service charges till March 2018. Post-demonetization, the Government had waived service charges on e-tickets through IRCTC with a view
Budget 2017: No Service Charge on Railway E-Tickets
In a move to promote cashless economy, the Government decided to withdraw service charges on railway e-tickets booked through irctc website. As per the new proposal by the FM Arun Jaitley, all e-tickets booked through
License Fee paid to Indian Railway allowable as Depreciation: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 is allowable in respect of the amount paid as a license fee
Works Contract Services Provided for Indian Railway either as Main Contractor or Sub-Contractor attracts 18% GST: AAR [Read Order]
The Karnataka Authority for Advance Ruling ( AAR ) has recently ruled that the works contract services provided for the Indian Railway attract Goods and Services Tax ( GST ) at 18%, regardless of the