Share service tax with Railways: Parliamentary Panel
The Parliamentary Standing Committee on Railways has suggested the sharing of service tax paid on passenger fares on specified classes and freight, currently collected by the Finance Ministry, with the Railways. Further, the panel has noted that the service tax on specified classes of passenger and freight was around ₹1,478.10 crore and ₹3,449.34 crore during 2012-13 and 2013-14, respectively.