Invoicing of air ticket by sub travel agent
This query is : Resolved
21 April 2014
For Example
if a sub traval agent purchase air ticket from main agent o Rs.10000
& sell this to customer of Rs. 12000
In this he gets 2000 As income(Commission)
In this situation how he will invoice to consumer & how service tax charged
if a sub traval agent purchase air ticket from main agent o Rs.10000
& sell this to customer of Rs. 12000
In this he gets 2000 As income(Commission)
In this situation how he will invoice to consumer & how service tax charged
22 April 2014
Dear Yogesh,
ST is applicable only on Rs. 2,000 because Rs. 10,000 paid against Ticket Charges not for any services.
Preparation of invoice should disclose the amount required to be collected from customer including payments made to Main Agent and also disclosing separately the service tax liability on rs. 2,000.
Thx.
ST is applicable only on Rs. 2,000 because Rs. 10,000 paid against Ticket Charges not for any services.
Preparation of invoice should disclose the amount required to be collected from customer including payments made to Main Agent and also disclosing separately the service tax liability on rs. 2,000.
Thx.
22 April 2014
Dear Sandeep ji
would u plzZ disclose
how the sub agent make the invoice....
& if he dont want to show his commission then any other option is available
would u plzZ disclose
how the sub agent make the invoice....
& if he dont want to show his commission then any other option is available
22 April 2014
No , he has to show the Service tax amount in the Invoice as per section 12 A of Central Excise Act as also applicable in case of Service Tax.Also as per Circular No. 97/8/2007 dated 23.08.2007 the E Cess and S H E Cess should be shown separately.
The Invoice should be prepared as per Rule $A of ST Rules as follows:
(1) Every person providing taxable service shall,not later than thirty days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable service, whichever is earlier issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him in respect of taxable service provided or agreed to be provided and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following, namely :-
(i) the name, address and the registration number of such person;
(ii) the name and address of the person receiving taxable service;
14[(iii) description and value of taxable service provided or agreed to be provided; and]
(iv) the service tax payable thereon
So there is no such standard format prescribed by Govt. You can adopt any invoice as per normal business practice which contains the aforesaid mentioned details.
However Invoice Should contain date although provision for date is not mentioned by Rules
The Invoice should be prepared as per Rule $A of ST Rules as follows:
(1) Every person providing taxable service shall,not later than thirty days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable service, whichever is earlier issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him in respect of taxable service provided or agreed to be provided and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following, namely :-
(i) the name, address and the registration number of such person;
(ii) the name and address of the person receiving taxable service;
14[(iii) description and value of taxable service provided or agreed to be provided; and]
(iv) the service tax payable thereon
So there is no such standard format prescribed by Govt. You can adopt any invoice as per normal business practice which contains the aforesaid mentioned details.
However Invoice Should contain date although provision for date is not mentioned by Rules
Message likes :
1 times
24 April 2014
Thank You Very Much Sir
Thank You Very Much Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
