Hyderabad, Oct. 16 -- Every bottle of Rail Neer sold at Rs 15 after GST came into force carried a tax benefit that never reached passengers, the Goods and Services Tax Appellate Tribunal (GSTAT) has held, ordering the Indian Railway Catering and Tourism Corporation (IRCTC) to pay Rs 50.4 crore.

The order was pronounced on Wednesday, October 14, and IRCTC informed the stock exchanges on Thursday, October 15. According to The Times of India, Andhra Pradesh accounts for Rs 1.83 crore of the amount and Telangana for Rs 27.8 lakh. Maharashtra has the largest share at Rs 10.46 crore, followed by Uttar Pradesh at Rs 7.48 crore and Delhi at Rs 5.79 crore.

IRCTC has one month to deposit the money, with 18 per cent interest from June 28, 2019. Ha...