For travel agent of bus and four wheel.. He book ticket for Rs. 700 and made payment of Rs. 630 to traveler (Eagle Travels). He issue ticket on his own name (Abhsek Travelers) to the traveler. My Que is which amount should be considered as transaction value and turnover? 700 or 70?
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Gst implication for travel agent
Replies (6)
700
Thanks
but he will received commissione of Rs 70 only
That is gross profit; but purchase & sells value are to be accounted in this case....
thanks .......
Rate of GST : ???
If traveler has provide service to the unregisterd person than travel has to required to register u/s24 of CGST act
But does compulsory registration means compulsory payment of GST irrecptective of turnover? Or person just has to register, be complient, fill 37 returns and still pay no GST as turnover is less than 20 laks?
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