Now onwards no need to pay online ticket booking fees for IRCTC, it is valid up to December 31st. This step has taken to increase the online transactions. We all know about demonetization of Rs 500 and 1000 notes, so at present we don’t have the sufficient cash flow to fulfill our needs. So many people for going for online transactions
IRCTC account holders book their E tickets, and I tickets on online, up to now they are charging Rs 20 for e-ticket for sleeper class and Rs 80 for I-ticket, For AC class Rs 40 for E-ticket and Rs 120 for I-ticket.
This will effect from 23rd November to December 31st. The government is planning to remove the online taxes, some discussions are going around on this issue, and soon they will inform the details.
— Suresh Prabhu (@sureshpprabhu) November 25, 2016
A senior official from Railways said we had suggested IRCTC to completely waive off the service tax or reduce the tax on the orders of prime minister. Modi mission is online transactions should be not expensive than counter payment transactions.
But by this step, IRCTC will lose a lot. Every year IRCTC gets 33% revenue from service tax only, the annual income of them is 1500 crores, in that 540 crores are earning by the service tax only.
But at present government prefers to encourage cashless transactions. So the government is trying to provide benefits on online transactions. After December 31st they seek to reduce the online ticket booking fee to support online transactions.
IRCTC ensures the proper cash flow in the nation under the impact of Demonetization
- Banks waive off all charges on usage of debit card till December 31st 2016
- Railways waive off all service charges on online bookings till December 31st 2016
- Rs 21,000 crores will be released by NABARD bank to help farmers in this Rabi season
- USSD charges of Rs 1.50 to be exempted on all financial transactions made on mobile feature
- All payments to be pay on online by govt organizations