10 June 2009
There is special rate (i.e. less than 1% in case of domestic air lines and 1.236% in case of international air lines) of service tax laibilty in case of Air Lines Travel Agent. This is what there are suppose to pay to government on receipt of air line tickets. But if talk about credit that is to be taken which is levied at 10.30% how much they can avail? Whether it is full 10.30% or lesser amount?
CAclubindia
