If a travel agent acting as a pure agent and issuing Invoices with travel ticket amount and processing charges with GST on Processing Charges at the rate 18%.
1. How the Invoice will be shown in GSTR 1? Total Invoice value will include travel ticket amount? and taxable amount will be only processing charges amount?
2. Is the travel ticket amount is to be shown in GSTR 1 anywhere?
3. Will the travel ticket amount will be counted while counting threshold limit?
4. Is P&L of Travel Agent will show sales and purchases of tickets amount bought on behalf of customer?
29 June 2022
Please refer to my opinions as below: 1. Show only taxable value (processing charges) in GSTR 1 2. You don’t need to show the ticket value in GSTR 1 3. It will not be considered for computing threshold limit 4. In P&L, you can use one single ledger for both income and expenses of travel ticket, eventually it will become zero.
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