GST in Indian Railways Freight

GST in Indian Railways Freight

GST IN INDIAN RAILWAY – Passenger Segment,Catering Segment,Parcel Segment,Freight Segment,YTSK and Excess Fare Tickets (EFTs)

GST Manual Transactions of Receipt Form

Freight segment

● It has been decided to impose 5% GST rates on Goods & Service for transportation of Goods by rail.( It is in place of 4.5% service tax levied earlier i.e. an increase of only 0.5%)

● It will be levied on total freight charges.

● This rate will also be applicable to all ancillary charges levied on transportation of Goods Traffic.

● Some essential commodities which have been exempted from levy of GST as given below:

a) Relief material for victims of natural or manmade disasters, calamities, accidents or mishaps.

b) Defence or military equipments

c) Newspapers or magazine registered with the registrar of newspapers.

d) Railway Equipments or materials

e) Agriculture produce

f) Milk, salt and foodgrain including flours, pulses & rice

g) Organic manure