Travel agent

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..... Mr A is running a Travel Agency. He books Railway Tickets online makes payment through his Saving A/c. He collects cash (mostly) cheques (in few cases) from clients deposits in his saving account. He maintains no accounts / issues no invoices etc. Consider the value of tickets booked during year is more than ₹ 10 Lacs. My question is :- 1. Whether he needs to get registered under Servi .....

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..... ce Tax? 2. If yes, then in which category (accounting head)? 3. If Service Tax to be paid, on which value of ticket booked at what rates? Kindly share your views. - Reply By JSW CEMENT LIMITED - The Reply = He shall be liable to pay service tax on value received except for railway fare. He shall be registered as Rail travel agent. - Reply By AJAY AGRAWAL - The Reply = Thank you sir. It mea .....

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..... ns he has to deduct Railway Fare from his total receipts. Practically it is difficult as he maintains no bills / details. In continuance of the same Mr A also books Air tickets indirectly. He is sub agent of a travel agent Mr B. Mr A keeps advance deposited with Mr B and if required by client he books ticket on the portal of Mr B. In turn Mr B pays him the commission (after TDS). Yearly commissi .....

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..... on amount being approx ₹ 25000/- In this case also:- 1. Is he required to take Service Tax Reg if yes in which category/ accounting head? 2. At what rates Service Tax to be paid if any? Kindly share your valuable opinions. - Reply By JSW CEMENT LIMITED - The Reply = He will be covered by exemption limit of ₹ 10 lacs. He need not get registered. - Reply By AJAY AGRAWAL - The Reply .....

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..... = Please share your views on the same, including abatement schemes (if any) in details. - Travel agent - Query Started By: - AJAY AGRAWAL Dated:- 9-8-2016 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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