Air travel agent
This query is : Resolved
Atul Agarwal
(Querist)
13 May 2013
a co is purchasing air ticket and raising invoice like below. i want to ask whether it is fair or not:
Air Ticket : Rs. 10432
govt. s. tax: Rs. 65 (10432*.618/100)
service charge: Rs. 522
Total: 11019
i want to ask that the above company, who is actually a agent , needs to pay ST @ 0.6% on Airticket value OR @ 12.36% on Rs. 522( as this is the service charge which is its income)
Your Reply will be appreciated.
thanks
atul kr agarwal
Air Ticket : Rs. 10432
govt. s. tax: Rs. 65 (10432*.618/100)
service charge: Rs. 522
Total: 11019
i want to ask that the above company, who is actually a agent , needs to pay ST @ 0.6% on Airticket value OR @ 12.36% on Rs. 522( as this is the service charge which is its income)
Your Reply will be appreciated.
thanks
atul kr agarwal
CA Vikas Acharya
(Expert)
13 May 2013
the above method used is correct
as company has an OPTION to use this method of composition scheme under rule 6(7) of STR,1999.
as per rule tax will be 0.6% of basic fare (ec & shec ) extra
- in case of domestic bookings. hence correct.
though if they dont want to exercise the option they can pay by other way also
as company has an OPTION to use this method of composition scheme under rule 6(7) of STR,1999.
as per rule tax will be 0.6% of basic fare (ec & shec ) extra
- in case of domestic bookings. hence correct.
though if they dont want to exercise the option they can pay by other way also
Atul Agarwal
(Querist)
13 May 2013
thanx for ur reply....
27 June 2013
Yes I agree with the expert
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