Amazines Free Article Archive
www.amazines.com - Sunday, December 08, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133574)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73858)
 Automotive (145718)
 Blogs (75618)
 Boating (9851)
 Books (17224)
 Buddhism (4130)
 Business (1330849)
 Business News (426453)
 Business Opportunities (366520)
 Camping (10973)
 Career (72795)
 Christianity (15852)
 Collecting (11638)
 Communication (115089)
 Computers (241958)
 Construction (38964)
 Consumer (49954)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20322)
 Dating (45910)
 EBooks (19703)
 E-Commerce (48272)
 Education (185529)
 Electronics (83525)
 Email (6438)
 Entertainment (159861)
 Environment (28992)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111009)
 Fashion & Cosmetics (196613)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310619)
 Fitness (106492)
 Food & Beverages (63057)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630164)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91740)
 Home Improvement (251234)
 Home Repair (46252)
 Humor (4727)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29618)
 International Property (3488)
 Internet (191027)
 Internet Marketing (146690)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80500)
 Link Popularity (4596)
 Manufacturing (20923)
 Marketing (99324)
 MLM (14140)
 Motivation (18236)
 Music (27000)
 New to the Internet (9498)
 Non-Profit Organizations (4048)
 Online Shopping (129741)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12691)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126822)
 Recreation & Leisure (95495)
 Relationships (87677)
 Research (16182)
 Sales (80356)
 Science & Technology (110298)
 Search Engines (23521)
 Self Improvement (153317)
 Seniors (6222)
 Sexuality (36012)
 Small Business (49327)
 Software (83053)
 Spiritual (23528)
 Sports (116155)
 Tax (7664)
 Telecommuting (34070)
 Travel & Tourism (308281)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11794)
 Website Design (56938)
 Website Promotion (36665)
 World News (1000+)
 Writing (35843)
Author Spotlight
SHOEB SIDDIQUE

From the time of study, i had a keen interest in acquiring knowledge by surfing on the Internet. Mea...more
RODRIGO DARZI

Pai da Júlia e do Pedro. Especialista em Marketing Digital, com MBA em e-Business pela FGV. Formado ...more
DAVID PAYNE

Technology without a doubt has made things easier for us. However, that being said, it has also comp...more
K HO

Affiliate marketer - I enjoy the challenge of what the internet has to offer. It has given me the o...more
DESIGNPLUZ PTY LTD

Designpluz has steadily matured from a passionate graphics design start-up, into a full service digi...more


GST on Tour Operator & Travel Agents. by Anjali Devri





Article Author Biography
GST on Tour Operator & Travel Agents. by
Article Posted: 03/31/2023
Article Views: 677
Articles Written: 99
Word Count: 611
Article Votes: 0
AddThis Social Bookmark Button

GST on Tour Operator & Travel Agents.


 
Finance & Investment,Law
The Importance of Tourism in India and its Impact on Industries Tourism is a crucial sector in the Indian economy that offers numerous socioeconomic benefits and positively impacts industries such as food manufacturing, services, and construction. It generates income, creates jobs, and contributes to foreign exchange earnings. The tourism and hospitality industry includes accommodations, catering, transportation, attractions, and travel agencies/tour operators. Different Business Models for Tour Operators Tour operators use various business models to sell travel-related services and merchandise. Some popular business models for tour operators include Tour Packages, Pure Agent Tour Operator, and Flight and Hotel Booking with Backend Commission. GST Registration for Tour Operators and Travel Agents In India, businesses with an aggregate turnover exceeding Rs 40 lakhs in a financial year, and Rs 20 lakhs in special category states, must mandatorily register for GST. Therefore, tour operators and travel agents must also obtain GST registration online as per the GST Registration Threshold Limit. GST registration is also compulsory for tour operators and travel agents who make inter-state taxable supplies or taxable supplies of goods or services on behalf of other taxable persons. GST Implications on Various Travel-Related Services by Agents GST has implications on several travel-related services offered by agents, including air ticket booking, tour packages, travel-related services like visa and passport, hotel and cruise booking, and commission of rail travel agents. GST on Air Ticket Booking Services by Agents: An 18% GST is charged on commission income, service charges, and other charges collected from passengers, and Input Tax Credit (ITC) is available on GST paid on commission/service charge by an air travel agent.GST on Sale of Tour Packages: A 5% GST is charged on tour operator services without ITC and gross commission/fee charged from the customer. GST on inbound tour fees charged on a principal basis is 5% without ITC, while on a commission basis, it is 18% with ITC. GST on outbound tour packages being offered to a person based in India is charged at the location of the service receiver. No GST is charged on commission received in convertible foreign currency for outbound tour packages offered to foreigners for visiting another foreign country. GST on Travel-Related Services like Visa, Passport, etc. by an Agent or Company: No GST is charged on government fees or consular charges paid for the particular services, and an 18% GST is levied on service charges paid on travel-related services like visa, passport, etc. ITC can be claimed if the service is outsourced from another agent. GST on Booking of Hotel/Cruise by Agent: The place of supply depends on the location of the hotel for domestic hotel bookings and the location of the service provider for international hotel bookings. GST is charged on the commission received from passengers, while an 18% GST is charged on commission received from the hotel, and ITC is available. The applicable GST rate will either be 12%-18% with Input Tax Credit or 5% without Input Tax Credit, depending on the situation. However, no GST is charged for international bookings not within the taxable territory. GST on Commission of Rail Travel Agents: An 18% GST is levied on the service charge (commission) collected from the customer, while no commission is paid by railways to such agents, and no GST is levied in this case. The SAC (Service Accounting Code) assigned to Rail travel agents is 9967. GST on Rent-a-Cab Service: A 5% GST is charged by cab operators on the service charge collected from the customer on renting a motor cab, including the cost of fuel. No ITC is available on GST paid. All other renting services are charged at 18% with ITC availability.


Related Articles - Gst, registration,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
DONNIE LEWIS

I'm an avid consumer of a smoothie a day living, herbs, vitamins and daily dose of exercise. I'm 60...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license