Rail fares may face service taxRUN UP TO THE BUDGET 2006Ashish Aggarwal / New Delhi February 14, 2006Move likely to fetch government Rs 1,000 crore.The railways may be brought under the purview of service tax in the coming Budget. At the same time, the basic exemption limit for service tax may be raised to cover firms with turnovers of at least Rs 6 lakh, against Rs 4 lakh at present.
