S. Banerjee
(Practising Cost Accountant. Core area- Central Excise. Service Tax Costing system installation including maintenance of Cost Records and Cost Audit and Management Audit mainly Revenue leakages Audit)
(622 Points)
Replied 29 November 2008
Meeta,
You want to know the quantum of abatement but not mentioned:
a) on which Air Ticket whether it is domestic or iternational ?
b) abatement for which period ?
Anyway I am giving in details of abatements for your knowledge:
Period Demestic International
14.5.03 to 9.9.04 0.4% 0.8%
10.9.04 to 30.04.06 0.5% 1.0%
1.5.06 onwards 0.6% 1.2%
Hope this will serve your purposes,
Thanks and welcome,
S. Banerjee
Anurag
(CEO)
(38 Points)
Replied 01 April 2009
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Originally posted by :S. Banerjee |
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| " | Meeta, You want to know the quantum of abatement but not mentioned: a) on which Air Ticket whether it is domestic or iternational ? b) abatement for which period ? Anyway I am giving in details of abatements for your knowledge: Period Demestic International 14.5.03 to 9.9.04 0.4% 0.8% 10.9.04 to 30.04.06 0.5% 1.0% 1.5.06 onwards 0.6% 1.2% Hope this will serve your purposes, Thanks and welcome, S. Banerjee |
" |
I'm a Tour Operator & Travel Agent based at Agra. I get my Domestic & International Ticketis issued by an IATA Agent in Delhi. For which my associate agent in Delhi issue Invoive in favour of my company, and charge Service Tax @ 0.6% on Basic Fare (in case of Domestic Tickets and @ 1.2% on basic fare (in case of Int'l air tickets).
I also issue my Invoice for the same ticket to hand over to my clients and charge the same rate of service Tax (as by my associate agent in Delhi.
Means, I charge the same amount of Service Tax, which I have already paid to my Associate Agent in Delhi (who is issuing tickets for my clients).
So my question is that-
1.Would I be entitled for Cenvat Credit of the Service Tax/ Cess, which I have already paid to my Agent in Delhi??
2. If I'm entitled for Cenvat Credit, should I not pay any Service Tax/ Cess (locally in Agra) for the tickets issued thru my agent in Delhi.
3. I have heard that if one claims Abatement, he is not entitled for Cenvat Credit. As I'm charging my clients @ 0.6% and 1.2% on the basic fare of tickets (means I have claimed the Abatement), will I be entitled for Cenvat Credit??
KINDLY ADVISE.
Yours Sincerely,
Anurag
CAclubindia
