S. Banerjee
(Practising Cost Accountant. Core area- C)
(622 Points)
Replied 29 November 2008
Meeta,
You want to know the quantum of abatement but not mentioned:
a) on which Air Ticket whether it is domestic or iternational ?
b) abatement for which period ?
Anyway I am giving in details of abatements for your knowledge:
Period Demestic International
14.5.03 to 9.9.04 0.4% 0.8%
10.9.04 to 30.04.06 0.5% 1.0%
1.5.06 onwards 0.6% 1.2%
Hope this will serve your purposes,
Thanks and welcome,
S. Banerjee
Anurag
(CEO)
(38 Points)
Replied 01 April 2009
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Originally posted by :S. Banerjee |
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| " | Meeta, You want to know the quantum of abatement but not mentioned: a) on which Air Ticket whether it is domestic or iternational ? b) abatement for which period ? Anyway I am giving in details of abatements for your knowledge: Period Demestic International 14.5.03 to 9.9.04 0.4% 0.8% 10.9.04 to 30.04.06 0.5% 1.0% 1.5.06 onwards 0.6% 1.2% Hope this will serve your purposes, Thanks and welcome, S. Banerjee |
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I'm a Tour Operator & Travel Agent based at Agra. I get my Domestic & International Ticketis issued by an IATA Agent in Delhi. For which my associate agent in Delhi issue Invoive in favour of my company, and charge Service Tax @ 0.6% on Basic Fare (in case of Domestic Tickets and @ 1.2% on basic fare (in case of Int'l air tickets).
I also issue my Invoice for the same ticket to hand over to my clients and charge the same rate of service Tax (as by my associate agent in Delhi.
Means, I charge the same amount of Service Tax, which I have already paid to my Associate Agent in Delhi (who is issuing tickets for my clients).
So my question is that-
1.Would I be entitled for Cenvat Credit of the Service Tax/ Cess, which I have already paid to my Agent in Delhi??
2. If I'm entitled for Cenvat Credit, should I not pay any Service Tax/ Cess (locally in Agra) for the tickets issued thru my agent in Delhi.
3. I have heard that if one claims Abatement, he is not entitled for Cenvat Credit. As I'm charging my clients @ 0.6% and 1.2% on the basic fare of tickets (means I have claimed the Abatement), will I be entitled for Cenvat Credit??
KINDLY ADVISE.
Yours Sincerely,
Anurag
CAclubindia
