Sir,
A non IATA Air Travel Agent buy ticket for their customer form IATA Agents
Eg:- Ticket (Including Basic Fair & Others) - Rs. 20,000
Supplier allows a discount of Rs. 1,000
Net Payable to Supplier (IATA Agent) by Non IATA Agent is Rs.19,000
Supplier also collect service tax in respect of discount Rs.123.00 (Total Payable -19,123.00)
Is this Service Tax Paid to Supplier allowed by statute ?
How he could make his service tax return if total income exceeds 10L
Client is a non IATA Agent...
Buys ticket for Customers
Eg:- (Issued a Ticket to Customer @ 20,000 on which Supplier allowed a discount of Rs.1000, Normally have to pay supplier Rs.19000, but supplier collects Service Tax on Discount allowed Rs.123. Hence Paid to Supplier Rs.19123)
Entry
Cr. Supplier -19130
Cr. Discount - 1000
Dr. Service Tax Paid -123
Dr. Customer -20000
Is this service tax paid to supplier allowed in Cenvat Credit
Is Reverse Charge Mechanism apply here
Is we have to pay service tax again
Triveni Turbine Limited
Bengaluru
CA
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CAclubindia
