Service Tax queries for New Travel Agency

Service Tax (Legacy) 1690 views 4 replies

Deepak

Proprieter

28 Points Posted on 05 May 2009

Dear Experts,

I am seeking your valuable expert advice on the following.
I am starting a new travel agency business under a proprietership firm which was until last year doing trading and the turnover was approx 3 lakhs

Q1) Can I use the same firm to now do the travel agency business

Q2) Since I am not a service tax assessee at the moment, the invoice that I will raise, would they have a service tax component?

Q3) What are the prevailing rates for travel agencies, there are certain abatements also - I am unsure which are the latest as there are several on the internet, a pointer to the updated rates would be very helpful

Q4) When do I register for Service tax, when the turnover reaches 8 lakhs, or when the taxable turnover (after accounting the abatement for travel agents) reaches 8 lakhs?

Thank you in advance.

Regards,

Deepak

Replies (4)

girish mangla

practice

206 Points Posted on 23 August 2009

hallo dears,

can anybody tell me the full procedure of getting three months residential proggramme training like how toget registration form ,from where it can be got & where it has to be deposited etc.

Thanks & regards,

Girish

EKALABYA TALUKDAR

SERVICE TAX CONSULTANT

666 Points Posted on 24 August 2009

Originally posted by :Deepak
"	Dear Experts, I am seeking your valuable expert advice on the following. I am starting a new travel agency business under a proprietership firm which was until last year doing trading and the turnover was approx 3 lakhs Q1) Can I use the same firm to now do the travel agency business Q2) Since I am not a service tax assessee at the moment, the invoice that I will raise, would they have a service tax component? Q3) What are the prevailing rates for travel agencies, there are certain abatements also - I am unsure which are the latest as there are several on the internet, a pointer to the updated rates would be very helpful Q4) When do I register for Service tax, when the turnover reaches 8 lakhs, or when the taxable turnover (after accounting the abatement for travel agents) reaches 8 lakhs? Thank you in advance. Regards, Deepak	"

Service Tax Registration date is within one month of getting the Trade License. After formation of Trade License you have not made any invoice to any party so your RETUTN will be NIL RETURN. If you think your are about to cross Rs 8,00,000.00 barrier you Register with SERVICE TAX AUTHORITY otherwise be silent // Ph: 09339622846

EKALABYA TALUKDAR

SERVICE TAX CONSULTANT

666 Points Posted on 24 August 2009

Originally posted by :Deepak
"	Dear Experts, I am seeking your valuable expert advice on the following. I am starting a new travel agency business under a proprietership firm which was until last year doing trading and the turnover was approx 3 lakhs Q1) Can I use the same firm to now do the travel agency business Q2) Since I am not a service tax assessee at the moment, the invoice that I will raise, would they have a service tax component? Q3) What are the prevailing rates for travel agencies, there are certain abatements also - I am unsure which are the latest as there are several on the internet, a pointer to the updated rates would be very helpful Q4) When do I register for Service tax, when the turnover reaches 8 lakhs, or when the taxable turnover (after accounting the abatement for travel agents) reaches 8 lakhs? Thank you in advance. Regards, Deepak	"

EKALABYA TALUKDAR

SERVICE TAX CONSULTANT

666 Points Posted on 25 August 2009

Please go through the nature of your Trade License. If you can add the same Trade License with the “Tour and Travel” there is no harm to open a Travel Agency Buniness.

Until or unless you are have valid “Service Tax Registration Code No” you can not charge Service Tax

I shall reply you latter

You can register any time. If you think you will do after achieving the target. No problem