TOUR OPERATOR REGISTERED UNDER COMPOSITION SCHEME. HOW MUCH IS THE TAX RATE ON TURNOVER i.e TOTAL BILLING AMOUNT. AT THE SAMETIME RATE UNDER REGULAR AND ABOUT ITC.
8 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 18 July 2018
No the Tour Operators cannot get registered himself in composit scheme
Tour operators can registered as regular dealer . GST @ 5% has been applied on services of tour operator without benefit of Input Tax Credit (ITC) on goods and services
As per Notification 1/2018
Tour operator service procured
from another tour operators then the ITC can be claim
Tour operators can registered as regular dealer . GST @ 5% has been applied on services of tour operator without benefit of Input Tax Credit (ITC) on goods and services
As per Notification 1/2018
Tour operator service procured
from another tour operators then the ITC can be claim
K ILANGO
(GST PRACTITIONER)
(41 Points)
Replied 19 July 2018
Thanks Sir,
Here one of the client already registered himself (tour operator) under Composition scheme. How to handle this case in GST return payment. Upto the date they were not filed their returns. Please give your suggestion.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 19 July 2018
FIRSTLY CHANGE HIS NO.FROM COMPOSIT TO REGULAR , IF HE HAS DONE ANY B2B INWARD & OUTWARD SUPPLIES ????
K ILANGO
(GST PRACTITIONER)
(41 Points)
Replied 19 July 2018
YES SIR THERE ARE SOME INWARDS SUPPLIES FROM THE HOTELS
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 20 July 2018
TOUR OPERATOR CHARGE 5% ON HIS BILL & NO ITC IS AVAILABE TO TOUR OPERATOR
AS TOUR OPERATOR IS NOT LIABLE TAKE ITC ON HIS INWARD SUPPLY & COMPOSITION DEALER IS ALSO NOT LIABLE TO TAKE ITC & AS YOU SHOULD HAVE BEEN REGISTERED AS A REGULAR DEALER, BUT WRONGLY OPTED THE COMPOSITION, SO IT IS BETTER TO DEPO. THE TAX @ 5% WITH INTEREST OF 18%, & FILE THE RETURN
SHIFT HIS NUMBER FROM COMPOSIT TO REGULAR
marshal
(auditor)
(59 Points)
Replied 12 February 2019
Dear Sir,
Can the Tour operator Pay GST only on the Profit amount ,Eg bought from Dubai hotel Rs 7000 Add margin 500 & sell to corporate in India e.g Crisil Ltd for 7500.there may be 2 option Charge GSt @ 5% on 7500 and the second Bill only 7500 to client and pay GST on 18% on rs 500,can this be done ,if yes according to which section
Simon Tours & Holidays
(3 Points)
Replied 03 March 2019
SIR,
I DEAL ONLY IN AIR TICKETS, DOMESTIC & INTERNATIONAL.
PLZ ADVICE.
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