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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Tax on Amount transferred in HUF Account
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
