JANET ANJALIN J (CA Final) (231 Points)
17 July 2017Dear Friends
1. Whether GST is applicable for the commission earned by air travel agents?
2. If yes, at what rate?
3. Whether the agent is required to register even if his turnover is below the threshold?
4. Applicability of RCM?
5. How it is accounted for in the books?
6. How about the additional markup earned by the agent's?
Thanks in advance.
shambhu nath Jha
(2 Points)
Replied 17 July 2017
what would be the GST,if a travel company sell a room, (which they get from the Taj group at Rs 7000/-including GST)at 8000/- per night, here the travel company is charging Rs 1000/-extra
What would be the tax treatment in this case?
who will get the imput tax credit , our client or the travel company as the payment has been made by the travel company,ideally INPUT TAX CREDIT be given to tavel company,but some has got different opinion on the same. please clearify
Please clarify ,whether the 5% GST applicable to the travel company is on total Invoice or on the primium amount charged by travel company.
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