The new
Railway Minister C.P. Joshi and the Finance Minister P. Chidambaram in
their meeting held on 26 September 2012 came up with the decision to
regulate service taxes on high-end passenger classes like AC along with
freight and auxiliary services provided by the railways. The taxation
will be in effect from 1 October 2012. Implementation of the taxes will
help the exchequer in generating estimated revenue of Rs 3100 Crore
annually.
Percentage increase in the fair chart for different segments is as follows:
• First Class - 7 percent
• Air-conditioned - 3.708 percent
• Freight charges - 3.708 per cent
• Auxiliary services at stations – 12.36 percent
• The fair for high-end passengers have been increased by 30 percent
• Air-conditioned - 3.708 percent
• Freight charges - 3.708 per cent
• Auxiliary services at stations – 12.36 percent
• The fair for high-end passengers have been increased by 30 percent
Busy
route surcharge during busy season of maximum 10 percent varying from
commodity to commodity on freight will also come on effect from 1
October 2012. This step will help in winning an additional sum of Rs 826
crore in upcoming six months for the railways.
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