Service tax rate for tour and travel agent

Queries 358 views 2 replies

sivaram

Asst Mgr-Taxation

6918 Points Joined April 2009

Dear All

What is the percentage of service tax for tour and travel agent assessee being sole propritor? he told 0.125% he charges for billing to clients and one told that we need to file service tax return quarterly? can any one give inputs as to how we have to file returns indicating Gross value abatement net value and tax give imaginary examples

Thanks in advance

Replies (2)

Priya R

17 Points Joined May 2016

Service tax rate : 15%
Abated rates are as follows:
1. Only Accommodation

Priya R

17 Points Joined May 2016

Service tax rate : 15% ( from 01.06.2016 onwards)
Abated rates are as follows:
1. Only Accommodation - 1.5%
2. Others - 4.5%
3. For Transporter - 6%
Service tax rates in other cases will be charged @ 15% on profit.
Being a sole proprietor, you need to pay Service tax on quarterly basis.
And service tax return on half yearly basis.
You can take credit of service tax & KKC only,not SBC. Even in case of abated rates, you can take credit but only when the service provider is also a tour agent.