LatestGoods & Service Tax (GST) 16 October 2026
IRCTC Ordered to Deposit Rs 50 Crore for GST Missed Benefit
A court has directed IRCTC to deposit Rs 50 crore after it failed to pass the GST rebate on Rail Neer water to passengers. The company continued selling each bottle at Rs 15 post‑GST, but the tax benefit was retained, prompting legal action and a hefty penalty. The ruling underscores strict compliance with GST rules and aims to protect consumer interests.
A court has ordered IRCTC to deposit Rs 50 crore after it kept the GST rebate on Rail Neer water instead of passing it to passengers.
- Rail Neer sold at Rs 15 per bottle post‑GST.
- GST rebate was not transferred to buyers.
- Penalty set at Rs 50 crore to recover the benefit.
Read the full report here.
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