Service tax on air travel agent
Sudhir Soni (Finance & Taxation ) (38 Points)
08 December 2016Sudhir Soni (Finance & Taxation ) (38 Points)
08 December 2016
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 08 December 2016
No, the rate would require to apply only on basic fare.
Sudhir Soni
(Finance & Taxation )
(38 Points)
Replied 09 December 2016
Sir,
Can we take credit of vender's service tax who is also leving tax on basic rate.
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 09 December 2016
Yes, you can avail Cenvat Credit on this transtion.
Sudhir Soni
(Finance & Taxation )
(38 Points)
Replied 09 December 2016
It, means our service tax payable on air ticket is nil, due to our input or output service tax is same
i.e. basic fare on international ticket is 1,000/-
Output ST - 14
Input ST - 14
Air Tkt Service Tax Liabilities - Nil
Nandfagopal
(Accountant)
(22 Points)
Replied 14 December 2016
Dear Sir / Madam,
Incometax rate(%) announced for the f year 2016-17 ?