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A division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta specified that the above-mentioned AC units shall be categorised under HSN 8415 and not HSN 8607. They are hearing a petition filed by the railways and aerospace technology company StesaLIT Limited, contesting a GST Circular issued by the Union Finance Ministry in 2024. […]
Indian Railway Finance Corp. received a goods and services tax demand order totaling Rs 230.55 crore via the Tamil Nadu tax authority. The notice furnished via the assistant commissioner from the sales tax division in Chennai North includes a tax demand of Rs 209.59 crore and a penalty of Rs 20.96 crore, IRFC mentioned in […]
Alternative revenue models are under consideration by the Ministry of Railways and its undertaking, the Dedicated Freight Corridor Corporation of India (DFCC), due to concerns over the current system that imposes an 18 percent goods and services tax (GST) on the corporation, according to multiple sources. A report has been prepared by the DFCC consultants […]
In a recent decision, the Gauhati High Court made it clear that railways can not refuse GST reimbursement due to pricing variations just because the payment of output tax was carried out through an electronic credit ledger and using Input Tax Credit (ITC) under the GST Act. The single-judge bench, chaired by Justice Devashis Baruah […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) ruled that the setting up of an Electric Loco Shed for the Railway constitutes a composite supply of work contract service. The two-member bench of S. Kannan and Ministry S. found that the project of installing an electric loco shed at Saiyedpur Bhitri, Uttar Pradesh meets […]
The Railway Suppliers Association has told the Union government to examine the GST rate on all railway products. As the prior order dated September 30, 2021, the ministry of Finance had raised the rate to 18% from 12%. S.Surulivel, president of the Association, said in a press release that the hike was at the “most […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) held that no Input Tax Credit (ITC) could be claimed on 5% GST that is paid on a license fee to IRCTC or Indian Railway thus upholding the AAR’s ruling. M/s. Amar Food Products, the appellant, is in the General Minor Units (GMU) at Railway Platforms […]
On July 30, 2020, the Authority for Advance Ruling, Karnataka (AAR) put forward a ruling in which it stated that Good and Service Tax (GST) at 12% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% will […]
The Maharashtra Authority of Advance Ruling (AAR) received the application from the manufacturer of the transformers that were supplied to Indian Railways stating that the transformers are included under HSN‘8504’ and Sr. No. 371 of Schedule III of the notification 1/2017, that invited the levy of Goods and Service Tax (GST) at 18%. The applicant […]
