20-April-2024
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Taxation
 
Railways get GST relief, exempted from IGST on rolling stock
24-Jun-2017

In further relief to Indian Railways, the goods and services tax (GST) Council has exempted the carrier’s inter-state movement of rolling stock such as coaches and locomotives. This is in addition to tax exemption that the railways got earlier for inter-state movement for repair and maintenance. The latest move will save the carrier from paying IGST when its rolling stock moves across state or from manufacturing units to zones.

News Source:- http://www.financialexpress.com/economy/railways-get-gst-relief-exempted-from-igst-on-rolling-stock/733359/
 
 
 
 
 

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