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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- Putting a heading on received mail
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
