Monday 16 November 2015

Swachh Bharat Cess @ 0.5% on transportation passengers by trains - Railway Board Orders 2015

Swachh Bharat Cess @ 0.5% on transportation passengers by trains - Railway Board Orders 13.11.2015

GOVERNMENT OF INDIA (Bharat Sarkar)
MINISTRY OF RAILWAYS (Rail Mantralya)
(RAILWAY BOARD)

(Commercial Circular No. 68 of 2015)

No. TC-II/2910/2013/Service Tax

New Delhi, dated 13.11.2015

The General Managers,
All Zonal Railways

SUB: Levy of Swachh Bharat Cess on the service tax leviable on transportation passengers by rail.

REF: i. Commercial Circular No.32 of 2015 dated 26.05.2015.

ii. Ministry of Finance Notification Nos. 21 & 22/2015- Service Tax dated 06-11- 2015.

Ministry Of Finance vide their Notification Nog. 21 & 22/201 S-Service Tax dated 06-11-2015 have decided that Swachh Bharat Cess @ 0.5% shall be levied on the value of all taxable services w.e.f. 15-11-2015.

2. Accordingly, following changes shall be made in the Commercial Circular No. 32 of 2015
dated 26-05-2015:-

"Service tax of 14% and Swachh Bharat Cess of 0.5 % are chargeable on 30% of total passenger fare equivalent to 4.35% of the total fare in first Class and all AC classes."

3. The increase in service tax shall be applicable w.e.f. 15-11-2015 on the tickets issued/booking made on or after 15.11.2015. Service Tax increase is not, leviable on tickets issued prior to 15-11-2015.

4. Other terms and conditions shall remain the Same as per various circulars/notifications issued on this subject.

5. This issues with the concurrence of Finance of Ministry of Railways.

6. Necessary instructions shall be issued to the all concerned.

sd/-
(Rohit Kumar)
Dy. Director Traffic Commercial-II
Railway Board

7th Pay Commission likely to submit its final report on November 20 : Times of India

Seventh Pay Commission likely to submit its final report on November 20 : Times of India

NEW DELHI: The 7th Central Pay Commission is likely to submit its final report to finance ministry on November 20 which is due for implementation from January 1, 2016.

More than 48 lakh serving central government employees and 54 lakh pensioners will be impacted by the 7th CPC which is likely to recommend an average hike of 15%, said a source.

The 900-page report is believed to have made suggestions on parity of 36 organized Group A services with the IAS which has so far largely dominated in superior positions in the central government.

The pay panel was constituted in February 2014 and was asked to submit its report within 18 months. However, in August the government gave the panel four months extension to submit its report by December.

Click to read more news :http://timesofindia.indiatimes.com/

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