Central Board of Indirect Taxes and Customs (CBIC) Exempts IGST on Railway & Accommodation Services
In a significant move to simplify tax regulations and support public services, the CBIC has issued Notification No. 04/2024-Integrated Tax (Rate) on July 12, 2024. This notification exempts Integrated Goods and Services Tax (IGST) on various services provided by Indian Railways and Special Purpose Vehicles (SPVs) starting from July 15, 2024, aligning with the recommendations of the 53rd GST Council meeting.
Exemptions for Indian Railways
The notification exempts IGST on key services offered by Indian Railways to the general public, including:
- Sale of Platform Tickets
- Facilities of Retiring Rooms/Waiting Rooms
- Cloak Room Services
- Battery-Operated Car Services
Moreover, intra-Railway transactions are exempt from IGST, aiding operational efficiency and reducing administrative burdens within the railway network.
Regularization of Past Issues
Addressing past tax implications, the notification resolves IGST-related discrepancies from October 20, 2023, to the issuance date, ensuring clarity and relief for concerned parties.
Exemptions for SPVs and Indian Railways
GST exemptions are extended to SPVs providing infrastructure for Indian Railways, covering the use of infrastructure and maintenance services.
Accommodation Services Exemption
A notable inclusion is the exemption for accommodation services valued at up to Rs. 20,000 per month per person, benefiting long-term accommodation seekers like students and workers.
The CBIC’s notification prioritizes easing the tax burden on essential services and infrastructure development, supporting the efficient functioning of Indian Railways and SPVs. This initiative aims to simplify tax compliance and foster the growth of vital services.
For more information, refer to CBIC’s official notification.
Introduction
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Main Body
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