Supply of Services by Indian Railways to Be Taxable Under Forward Charge Mechanism | Notification
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- By Chetan Kulasri
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- Last Updated on 21 October, 2023
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Notification No. 14/2023 dated October 19th, 2023
The CBIC has issued notification to provide that services supplied by the Indian Railways to be taxed under Forward Charge Mechanism so as to enable them to avail the ITC. This would result in utilisation of ITC by railways leading to cost reduction.
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