Gst for travel agents

199 views 13 replies

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Travel Agent doing VISA process, billing the invoice as follows (For his service charge alone he is collecting the GST from the customer, for all other service perfoming for his client he is billing the same amount to client and treating it as Exempted)

Total Invoice value = 17,216.80/-

Exempted - 12,780.00/-

IGST Sales @ 18% - 3,760.00/-

IGST Tax @ 18% - 676.00/-

Can I show all the above in 4A, 4B, 4C, 6B, 6C -B2B

Should I need to show exempt as separate in 8A, 8B, 8C 8D - Nil rated. Please clarify me sir.

Replies (13)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Show exempted 1278000 in table 8

Show Taxable 376000 in table 5 , if it is B2c (inv. value is more then 2.5lac) if it is B2b then show it in Table 4

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Hi Sir,

This is the single Invoice to a customer, having exempted value, Taxable IGST and IGST Tax. How should this invoice to be treated in GSTR1

Vinod Babu

24196 Points Joined May 2018

Yes.. You can show.

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Hi Vinod Sir, Can you please explain me in which headings to be booked the value basis on the above Invoice.

Vinod Babu

24196 Points Joined May 2018

Before answering your query let me know that invoice is B2C or not.

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Invoice is B2B

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Hi Sir

Awaiting for your reply sir..

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Even though it's B2b you can bifurcate such invoice in two ,. Exempted & taxable

As there is no option in B2b table in GSTR1 to input exempted supply (you cannot select tax rate zero as it's exempted )

Recepient will also book such invoices in two parts , exempted & taxable (In 3b)

Moreover the Recepient's GSTR 2a need to be reflected only ITC on taxable supply.

Note : Many software (Tally) also not upload such invoices , gives error

Krishna

Manager - Genesis Tax Consultant

531 Points Joined March 2018

Hi Sir,

Thank you for clarfying it beautifully, no updates on this given in google. I am so happy to get an answer from this you:-)

Travel agent, apart from his service charge, all other services (GST Included) perfoming for his client he is billing the same amount to client and treating it as Exempted. Here my question is should this be an Exempted or 0%.

Please help me in this topic sir.

Vinod Babu

24196 Points Joined May 2018

You can show the exempted value with taxables in your gstr1 in 4A, 4B tables.
There is no problem because sum of exempted, taxable value plus gst should be your total invoice value.

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Dear Krishna

Technically there is no difference in Nil Rate & Exempted

Definition of Exempted Supply
U/S 2 (47) cgst "Exempted supply" means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from the tax under section 11, or under section 6 of the igst act, & includes Non-taxable supply.