IATA air travel agent
This query is : Resolved
17 March 2009
How much amount is an IATA approved air travel agent liable to pay as service tax of a ticket?
Iata approved airlines (Air India,Jet,kingfisher)ticket has two components -
1.basic fare
2.taxes
Agent gets commission on basic fare.
Low Cost carriers (eg-Spice Jet,Indigo)gives transaction fee to agents.
Iata approved airlines (Air India,Jet,kingfisher)ticket has two components -
1.basic fare
2.taxes
Agent gets commission on basic fare.
Low Cost carriers (eg-Spice Jet,Indigo)gives transaction fee to agents.
CA. MITHUN KHATRY
(Expert)
17 March 2009
if airlines provide comission the 2 optios to pay service tax.
1. pay service tax@.618% of basic fare for domestic tickets & double i.e. 1.236 of BASIC FARE for intenational tickets
2. pay service tax@10.3% on commsision received from airlines.
on transaction fees received pay service tax@10.3% on transaction fees.
REMEMBER ; YOU RECEIVE COMMISION FROM AIRLINES GROSSED UP I.E INCLUDING SERVICE TAXSO TAKE THIS INTO ACOUNT
OPTION ONCE EXCERCISED MUST BR FOLLOWED FOR FULL FINANCIAL YEAR
1. pay service tax@.618% of basic fare for domestic tickets & double i.e. 1.236 of BASIC FARE for intenational tickets
2. pay service tax@10.3% on commsision received from airlines.
on transaction fees received pay service tax@10.3% on transaction fees.
REMEMBER ; YOU RECEIVE COMMISION FROM AIRLINES GROSSED UP I.E INCLUDING SERVICE TAXSO TAKE THIS INTO ACOUNT
OPTION ONCE EXCERCISED MUST BR FOLLOWED FOR FULL FINANCIAL YEAR
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