confirmation of rates

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2011 hi..i am dnyaneshwar

we are sub travel agent (Non IITA)

Hotel Booking Charges : 1.03 % Service Tax on gross Amount

Tour Operator : 2.575% Service tax on gross Amount

Cab Hire :4.12% Service Tax on gross amount

air ticket : 10.30 % charge on only management fees (not on basic fare & airline taxes)

so please anybody tell me above all rates are correct ???

CS Bijoy

CS Bijoy (Expert)
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24 May 2011 112. TRAVEL AGENT’S (OTHER THAN AIR OR RAIL) SERVICES
“Travel agent” means any person engaged in providing any service connected with booking of passage for travel,
(Section 65 (105) (zzx) of Finance Act, 1994 as amended)
(C) Rate of Tax & Accounting Code:
Rate of Tax Accounting Code
Service Tax 10% of the value of
Education Cess 2% of the service tax
Secondary and Higher Education cess 1% of the service tax
Other –Penalty/interest As levied or applicable
(Rate of tax is effective from 24.02.2009.)
There are options available to Air travel Agent for discharging its service
tax liability in respect of Air Travel Agent Services.
Option A: To pay Service Tax at prevailing rates (which is presently
10.3%) on the amount of commission received by Air Travel Agent from
Airlines.
Option B: To pay Service Tax at the rate of 0.618% of the basic fare in
case of domestic bookings and 1.236% of the basic fare in case of
international bookings.

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2011 ya i agree with your above statement but we are non-IITA above rates are applicable for IITA agent only.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2011 PLEASE SUGGEST...