Service tax on air-travel expenses..
This query is : Resolved
21 December 2015
Hi,
I have a query regarding service tax on air travel expenses.
the ticket was booked using makemytrip
fare details:-
Base fare 7350
Airline Charges 4000
passenger service fees 238
Service Tax @ 4.95% 659
Total fare 12247
booking date 12th november
travel date 16th november
Could anyone please help me explaining 'how did they reach to 4.95% and that amount Rs.659'??
I have a query regarding service tax on air travel expenses.
the ticket was booked using makemytrip
fare details:-
Base fare 7350
Airline Charges 4000
passenger service fees 238
Service Tax @ 4.95% 659
Total fare 12247
booking date 12th november
travel date 16th november
Could anyone please help me explaining 'how did they reach to 4.95% and that amount Rs.659'??
21 December 2015
4.95% is based on old rate it is not applicable as on date. The right rate is 5.8%(40% of 14.5%). It is applicable on base fare and air line charges.
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