One can go for gst at 18 if you want to avail input credit. Full list of gst rates for services at 5 12 18 and 28.
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Gst is mainly enabled with the uniformity for all services along with the hotel accommodation and package tours.
Tour operator services under gst rate. This article discusses in detail about gst on travel agents tour operators its related aspects. Following are conditions for 5 gst rate. Liability for registration under gst rate service accounting code sac.
Income in the form of processing fees etc. Tour operator either charge 18 or 5 of gst rate depend upon the conditions mentioned in act are satisfied or not. An abatement of 40 from the gross amount charged was allowed on services of a tour operator so that service tax at 15 was payable on the abated value of 60 of total amount charged.
Hotel sales at 18 as far as our understanding for 18 gst one can avail input credit. Commission from the airlines for booking of air tickets. However if services by a tour operator are provided to a foreign national outside of india then such service is exempted from tax.
Under gst supply of food and drinks in outdoor catering attract a tax rate of 18 percent while entry into ipl matches and race courses will attract a 28 percent gst. Normally 5 gst is payable on the gross amount that is charged with the tour operator for customers. An air travel agent earns two types of income.
Input tax credit on goods and services used in supplying output services of tour operator has not been taken. Gst on tour operator is 5 no input tax credit allowed input tax is a tax imposed on the person when he receives supply of goods services which are used for his business. Expenses included in value of service expenses excluded in value of service tour operator.
Gst rate would be 18 on this commission 2. Commonly used goods and services at 5 standard goods and services fall under 1st slab at 12 standard goods and services fall under 2nd slab at 18 and special category of goods and services including luxury 28. Any person engaged in business of planning scheduling organising or arranging tours including arrangements for accommodation sightseeing or other similar services by any mode.
Taxi booking service or any other service mentioned by you are also covered under same tax rate as these are the services which are provided by a tour operator. Those services already exempted from tax such as healthcare and education will continue to enjoy the concession. Pre gst position 11 services of tour operator were taxed at 9 service tax on gross amount charged from the customer.
Tour operator at 5 with no input credit 3. From the client for whom he books the tickets. Travel agency service who is tour operator.
True agent model at 18 working on service fee 4. What are the conditions for a 5 gst rate. Four main gst rate slabs framed with essential goods and services standard goods and services and luxury goods and services with 5 12 18 and 28 respectively.
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