Travel agent
This query is : Resolved
yogesh kothari
(Querist)
22 July 2017
1. What is the GST rate for Air Travel Agent
5% or 18%
2. On which amount this rate will be charged
on commission or on base fare of air ticket
3. How will valuation rules under GST apply to Air travel agent (it says 5% of Basic fare is value of services)
4. Which ITC is an Air Travel Agent elegible to take.
5. Any relevant section/clause/rule for computing tax liability and input availability
5% or 18%
2. On which amount this rate will be charged
on commission or on base fare of air ticket
3. How will valuation rules under GST apply to Air travel agent (it says 5% of Basic fare is value of services)
4. Which ITC is an Air Travel Agent elegible to take.
5. Any relevant section/clause/rule for computing tax liability and input availability
Deepti Asawa
(Expert)
22 July 2017
its 5% without any input tax credit
yogesh kothari
(Querist)
24 July 2017
As per the gst rates of council, its 5% with ITC of only input services.
My ques is on what amount will the travel agent charge 5% GST.
On basic fare amount or on total amount including tax (airport, fuel, etc)
Also what does valuation rules of GST try to say to consider 5% value of basic fare in case of domestic flight ??
My ques is on what amount will the travel agent charge 5% GST.
On basic fare amount or on total amount including tax (airport, fuel, etc)
Also what does valuation rules of GST try to say to consider 5% value of basic fare in case of domestic flight ??
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