22 May 2010
hi friend, i want to ask how much percentage of service tax levy on domestic air travel ticket and international air travel ticket by travel agents please inform me ASAP.or directly send to my email address omaswani@gmail.com
22 May 2010
an option is provided to the air travel agent to pay the Service Tax at the rate of 0.25% of the basic fare in the case of domestic tickets and 0.5% of the basic fare in the case of international tickets towards discharge of his Service Tax liability instead of paying tax the tax at the rate of 5% on the actual commission received from the air lines .Where there is cancellation or modification in ticket the service tax shall be payable on the net consideration
CAclubindia
