12 February 2014
Mr. A is an air travel agent who bought a domestic air ticket of ₹10000 n sells to Mr. B for 16000. The ticket costed to Mr. A for ₹14000 incl all taxes. Mr. B who is another travel agent sells the same ticket to customer for ₹20000. Assuming they both charge service tax @ 0.6%+EC on basic fare i.e. ₹10000. What will be the service tax liabilty of both Mr. A and Mr. B?
12 February 2014
Mr. A is an air travel agent who bought a domestic air ticket of ₹10000 n sells to Mr. B for 16000. The ticket costed to Mr. A for ₹14000 incl all taxes. Mr. B who is another travel agent sells the same ticket to customer for ₹20000. Assuming they both charge service tax @ 0.6%+EC on basic fare i.e. ₹10000. What will be the service tax liabilty of both Mr. A and Mr. B?
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