Taxable value
This query is : Resolved
19 July 2017
hi...i m a b2b travel agent..i use to purchase ticket from online travel portals like via , yatra and ao on...Now I want to know the taxable value and also to know whether the markup value is also taxable?
Suppose i m purchasing a ticket at Rs. 5,000 and getting commission of Rs. 150 .And then selling the same ticket at Rs. 5,800. ﹰIn this case what will be my taxable value.
Suppose i m purchasing a ticket at Rs. 5,000 and getting commission of Rs. 150 .And then selling the same ticket at Rs. 5,800. ﹰIn this case what will be my taxable value.
19 July 2017
since you are selling the ticket with mark up value, 5000 and 5800 would be treated as your inward and outward supply respectively.... Commission would be in addition to this.
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
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Whether still royalty
- RCM - commercial rent paid to URP under GST
- DTCP approval
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
