We have set up an LLP company on 30th May 2014. Our nature of business is travel agency. We have taken agency from almost all the Online travel agency to book flight, Hotels and bus. For each ticket booked, the online travel company(whose agency we have taken) deducts some money from our commission as service tax. They told us that if we will be paying service tax at our end then they will revert us the amount.
So I have some doubts :
1. I read somewhere that if the serviceable amount is less than 10Lakh then we can get the exemption. As we have not serviced for amount more than 10 lakh from may2014 to till date so whether we need to pay service tax in this quarter ?
2. What is rate of service charge for the type of service we are providing ?
A quick reply will be appriciated.
CAclubindia
