Air line ticket
This query is : Resolved
26 October 2018
I purchased airline ticket for my customer
Basic Fare: 2000
Airline GST: 150
Total Ticket Cost 2250
Commission received: 100
Sold to my client: 2500
What will be GST amount that i will be showing in sales invoice?
2500 + 5% GST? or
2250 + 5%
Basic Fare: 2000
Airline GST: 150
Total Ticket Cost 2250
Commission received: 100
Sold to my client: 2500
What will be GST amount that i will be showing in sales invoice?
2500 + 5% GST? or
2250 + 5%
27 October 2018
There are following two possibilities:
1. You Bought the ticket for 2250 and sold it for 2500,
it it is buy and sale transaction then you should charge 5% GST on 2500.
2. You sold the ticket for 2500 and you got Rs. 250 as commission from the airline company.
in such a case 5% GST is charged by the airline company on Rs. 2500 and you have to raise an invoice to Airline company of Rs. 250+18% GST.
1. You Bought the ticket for 2250 and sold it for 2500,
it it is buy and sale transaction then you should charge 5% GST on 2500.
2. You sold the ticket for 2500 and you got Rs. 250 as commission from the airline company.
in such a case 5% GST is charged by the airline company on Rs. 2500 and you have to raise an invoice to Airline company of Rs. 250+18% GST.
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