GST Rate Cut: On August 15, the gift that Prime Minister Modi promised to the people has been completed. The Government of India has implemented the new GST rates. There are now only two GST slabs in the new taxation system of GST- the first 5% and the second at 18%, as well as 40% on luxury items.

Since the implementation of the new GST rates, it is being said that it will also affect the journey. Now the biggest question is whether the impact of the changed rates of GST will be seen on the ticket of the train too?

How much GST on train tickets?

During the festivals, people traveling by train have tension about whether the train journey will become expensive after the change in GST rates? The answer to this question is not. Actually, according to the new GST rates, there has been no increase in the price of the train tickets and the prices are still the same, which is a big relief for those traveling by rail. In such a situation, now it will be cheaper to travel by train instead of air travel, due to which the train can get more crowds than before.

Are train tickets cheap?

The price of the ticket to be taken for the journey of the train is fixed according to its class. In such a situation, after the implementation of the new GST rates, no deduction has been seen in them and the Kamats are as soon as possible. Let us tell you that according to the old rates of GST, GST was used only on AC and first class, in which no change has been made.
Sleeper class: No GST was felt (IRCTC used to charge GST on online ticket booking ie convenience fee)
Second class: No GST was liked
AC Class: The GST rate on AC class tickets was 5%, which has not been changed.
First class and executive class: 5% GST was also applicable to first class and executive class tickets.

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The central government has made a big change in the GST system. According to sources, the Center has proposed tax rates of 5 percent and 18 percent under the revised GST system. A special tax of 40 percent will be levied on luxury and harmful items (such as alcohol, tobacco etc.). 99 per cent of the items included in the current 12 per cent tax slab of GST will be put into five per cent slab in the revised GST system.

40 percent GST on tobacco products

The government hopes that improvement in GST system will promote consumption and compensate for the loss in revenue. According to sources, in the revised GST system, five percent tax will be levied on the daily use of the common man. In the revised GST system, 40 percent GST will be imposed on tobacco products. The total tax rate will remain at the current level of 88 percent. Petroleum products will also be excluded from the new system of GST slab.

GST reform will be brought for double Diwali- PM Modi

The proposed GST reform came a few hours after the statement given by Prime Minister Narendra Modi in the Independence Day address in which he said that GST reforms will be brought for double Diwali. Apart from this, other important announcements were made for the next generation reforms, a task force, an indigenous Sudarshan Chakra Defense System by 2035.

GST council meeting will be held next month

The GST Council meeting headed by Finance Minister Nirmala Sitharaman is expected to be held in September, in which the recommendations of the group of ministers will be discussed to make the rates justified. Essential commodities are not taxed in the existing four slabs of GST or they are kept in the slab. In contrast, the most tax is applied to harmful and luxury goods. The Finance Ministry said, “The GST Council will discuss the recommendations of the GOM in its next meeting and every possible effort will be made to implement them soon.”

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