@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
27 November 2012
karan jit singh
(Consultant)
(1299 Points)
Replied 27 November 2012
FIRST OF ALL , Air Travel Agent means any person engaged in providing any services connected with the booking of passage for travel by air.
Service provider - An air travel agent
Service receiver – Any person
Scope of taxable services – Any service provided or to be provided to any person, by an air travel agent in relation to booking of passage for travel by air is a taxable service.
The services relating to booking of passage by air are taxable.
The value of taxable services will include the commission received by the travel agent from the airline. However, service tax is not payable on the fare collected by air travel agents.
The portion of the value of taxable service which is in excess of the commission received by the air travel agent from the airline for booking of passage for travel by air is exempt from service tax payment.
The air travel agent has an option to pay
service tax @ 0.60% of basic fare in case of domestic booking and
@ 1.20% of the basic fare in case of international bookings.
REGARDS
KARAN
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 27 November 2012
thank you for providing useful information.. can you please tell me whether there is any case law in last six month on this??
karan jit singh
(Consultant)
(1299 Points)
Replied 27 November 2012
ALL THE DISCUSSION RELATED TO CASE STUDIES CAN BE SEARCHED IN FOLLOWING LINK:
/experts/experts_display_list_by_category.asp?cat_id=6#.ULSXrOSE2gM
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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