Special provision relating to determination of value of service of booking
of tickets for air travel by an air travel agent [Sub-rule (3)]
32
Value of service of booking of tickets for air travel by an air travel agent is 5% of
basic fare in case of domestic travel and 10% of basic fare in case of international travel can he take ITC on inputs on paying by above rates specified in Rule
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ITC BY AIR TRAVEL AGENT
Replies (1)
yes he can avail ITC as there is no such exception like this in ITC related sections.
Also note that the rate of 5% /10% is not the rate of tax, it's the rate to compute the value of supply of air travel agent.
Also note that the rate of 5% /10% is not the rate of tax, it's the rate to compute the value of supply of air travel agent.
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