Air Cargo Quarterly
View Issue #591 Now!
India imposes 3.7% service tax on railway goods traffic
India has imposed a 3.7 percent service tax on railway freight transportation, effective from the start of October, a government statement said.The Indian government has been trying to raise revenue to plug a fiscal deficit that is likely to overshoot a target of 5.1 percent for the current fiscal year that ends in March 2013. (Reuters)
American Journal of Transportation
116 Court Street, Suite 5
Plymouth, MA 02360
© Copyright 1999–2014 American Journal of Transportation.All Rights Reserved.