26 April 2018
I Have a Query Regarding GST on Tour Operators. that one of my Client is a run a Travel Agency and Providing Services to the client for travelling within & outside in India for Tourism purpose.
Aminly the Client Provide 3 Services i.e. 1. Flight Tickets 2. Hotels Booking 3. Travelling & Conveyance within and outside the Country
For example : if we take 4 Lacs Rs. from the Clinet including 5% GST (i.e. 20000) for tourism in Malasia and we the Service provider book the Flight ticke of Rs. 2 Lacs and Pay GST on Travel Flight Tickets of Rs. 10000 and we expended 1 Lacs for Hotels and 80000 for Travelling & Conveyance and ther Rest 20000 is the Profit. so, how we receive ITC of Hotel and Travelling & Conveyance inside or outside india
Amount Received 400000 Less: GST Received 20000 Rest Amount 380000
Travel Tickets 200000 Less: GST Paid 10000
GST wil be paid to Govt. is (20000-10000) is Rs. 10000.00 or GST will be paid in the profit of Rs. 20000 i.e 20000*5% is 1000 please help me regarging this Query