19 July 2019
Dear All, I want to know how is the turnover calculated for tour operators where the service of package tours is provided? Would it be the gross receipt from the client which includes hotel bills, accommodation, events, air tickets, etc. or Would it be the margin i.e. difference of gross receipts and payments by the tour operator? Please provide the answer along with the suitable supportings and explanations w.r.t. AS, Guidance notes, etc.