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News Entry# 561080
Jul 19 (19:20) Indian Railways Services Exempted from GST, Effective July 15, 2024
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Entry# 6130158   
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No GST on Indian Railways Services from July 15, 2024 StudyCafe Membership

Effective July 15, 2024, Indian Railways services are exempt from Goods and Services Tax (GST). This decision, announced by the Ministry of Finance, aims to reduce travel costs for the public and simplify the railway's financial operations. The exemption covers passenger travel, goods transport, and catering services, leading to lower ticket...
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prices, cheaper freight rates, and more affordable food options. This move is part of a broader plan to improve the efficiency and cost-effectiveness of Indian Railways, potentially boosting economic activity through increased trade and tourism. The exemption was announced in the 53rd GST Council meeting on June 22, 2024, and officially notified through Notification No.04/2024-Central Tax (Rate) dated July 12, 2024.

15 July 2024 se, Indian Railways ke services pe Goods and Services Tax (GST) nahi laagega. Finance Ministry ne yeh decision liya hai, jisse public ka travel cost kam ho jaayega aur railways ke financial system ko simplify kiya ja sakega. Passenger travel, goods transport, aur catering services, sab pe...
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GST nahi laagega. Isse ticket prices kam ho jayenge, freight rates sasta ho jayenge, aur travellers ke liye khana bhi sasta ho jaayega. Yeh change Indian Railways ko aur bhi efficient aur cost-effective banane ke liye kiya gaya hai. Isse trade aur tourism badhkar economy mein positive impact aa sakta hai. Yeh decision 22 June 2024 ko 53rd GST Council meeting mein liya gaya, aur officially 12 July 2024 ko Notification No.04/2024-Central Tax (Rate) ke through notify kiya gaya.
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