{"id":517638,"date":"2022-08-29T11:53:29","date_gmt":"2022-08-29T06:23:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=517638"},"modified":"2022-08-29T11:53:29","modified_gmt":"2022-08-29T06:23:29","slug":"gst-to-be-levied-on-cancellation-of-confirmed-train-ticket-finance-ministry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gst-to-be-levied-on-cancellation-of-confirmed-train-ticket-finance-ministry\/","title":{"rendered":"GST to be levied on cancellation of confirmed train ticket: Finance ministry"},"content":{"rendered":"<p>Cancellation of confirmed train tickets, too, will now attract GST, on cancellation charges for that particular class of travel, according to a circular issued by the Ministry of Finance on August 3.<\/p>\n<p>Why GST on cancellation?<\/p>\n<p>The circular \u2013 issued by the ministry&#8217;s Tax Research Unit (TRU), \u2013 explains that booking of tickets is a \u2018contract\u2019, under which the service provider (IRCTC\/Indian Railways) promises to provide services to the customer.<\/p>\n<p>\u201cWhen the contract is breached by the passenger, the service provider is compensated with a small amount, collected as a cancellation charge. Since the cancellation charge is a payment, and not breach of contract, it will attract GST,\u201d the notification said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cancellation of confirmed train tickets, too, will now attract GST, on cancellation charges for that particular class of travel, according to a circular issued by the Ministry of Finance on August 3. Why GST on cancellation? The circular \u2013 issued by the ministry&#8217;s Tax Research Unit (TRU), \u2013 explains that booking of tickets is a \u2018contract\u2019, under which the service provider (IRCTC\/Indian Railways) promises to provide services to the customer. \u201cWhen the contract is breached by the passenger, the service provider is compensated with a small amount, collected as a cancellation charge. Since the cancellation charge is a payment, and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,257],"tags":[],"class_list":["post-517638","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-railways-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=517638"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517638\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=517638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=517638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=517638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}