![]() ![]() Value shall be 1% of gross amount of INR provided or received by the person changing the money If in relation to the above case, RBI reference rate is not available Value shall be difference between the Buying or selling rate and RBI reference rate, multiplied by total units of currency Option A When any currency is exchanged from or to Indian Rupees The following option for determining value of supply for a person providing service in relation to purchase or sale of foreign currency & money changing: Where the agent is receiving service charges the place of supply shall be location of receipt ant of service. GST for travel insurance is 18% but agent are required to register with IRDA as per Insurance act 1938 If the service provided to a person located in India then the place of supply shall be the location service recipient. GST applicable for renting of motor vehicle shall be 5% with no ITC or 12% with ITC. Located out of India: Location of Hotel/cruise Location of Agent Located in India but not registered under GST law but address is available on records : Location of Service recipientģ. Located in India & registered under GST Law: Location of Service RecipientĢ. Commission from Passengers : When Service Recipientġ. In Case it is international hotel booking then the place of supply shall be location of service provider. In case of domestic hotel then place of supply shall be location of hotel. If the service is outsourced from another service provider GST Paid on agent invoice can be claimed as ITC & difference amount can be paid to govt.Service charge on the above service shall be subject to GST 18%.All govt fees & consular charges paid on behalf of the consumer/client are outside the preview of GST.Travel Related Service like VISA, Passport etc Outbound tour sold to a foreigner for visiting another foreign country & the payment received in convertible foreign country is exempt from GST.ģ. The place of supply in case where tour operator receives commission from another tour operator situated outside India shall be place of tour operator i.e. Located in India but not registered under GST law but address is available on record – Location of Service receiverĢ.Located in India & registered under GST Law – Location of service receiver. ![]() The place of supply in case of principal to principal transaction is when service recipient is : However if the tour is on Commission basis then place of supply shall be location of Service Provider i.e.in India but taxable 18% with ITCġ. If tour is on Principal basis then the place of supply shall be location of performance of service i.e. Outbound Tours: Tours organized by the Tour Operator, outside India, for the tourist going abroad is generally known as outbound tour.ġ. Inbound Tours: Tours organized by the Tour Operator, within India for the tourist coming from abroad is generally known as inbound tours. Sale of Tour Packages (Both Inbound & Outbound) : Location of Airlines outside India – Location of service Provider Location of SupplierĢ. Location of Airlines in India – Location of Service recipient In case service Receiver address not available: Location of Service Provider Location of Supplier Service Receiver located in India but not registered under GST but his address is available on records: Location of Service Receiverģ. Service receiver located in India & registered under GST: Location of service ReceiverĢ. Which Tax to be imposed – IGST/CGST/SGST?ġ.Here basic fare means that part of the air fare on which commission is normally paid to the air travel agent by the airline. International Fair 10% of Basic Fair i.e. Option B: Domestic Fair: 5 % of Basic Fair i.e. Option A: GST Rate on 18% on Commission on issue of invoice on Airlines Commission/incentive earning from airlines: (2 nd Invoice) Service fees 18% on invoice value to passenger.(1 st Invoice)Ģ. Air Ticket & Commission from Airlines Companies:īasically Air travel agents derive following two type of income so air travel agent will raise 2 invoices.ġ. Travel Related Services like Visa, Passport etc.ġ. Sale Tour Packages, both inbound and outboundģ. Commission from Airlines’ & any mark up amount from passengers.Ģ. Major Source of Income of Tour Operator & Travel Agents:ġ. ![]()
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