A travel agent collected money on 30.6.17. What is the tax applicable in this case and when he should raise the invoice?

A travel agent collected money on 30.6.17. provided travel service from 30.7.17 to 14.8.17. Please, what is the tax applicable in this case and when he should raise the invoice?

Asked on August 26, 2017 in Tourism.
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3 Answer(s)

Advance received before appointed day have to pay tax as per the point of taxation rules laid down in service tax rules. But invoice has to raised as per GST rules.

Answered on August 26, 2017.
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What is the rate of tax applicable in this case?

Answered on August 26, 2017.
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If you received entire consideration then service tax is applicable on the same. Service Tax @15% Otherwise the GST will be applicable on the amount received after appointed day i.e. 1st July 2017. GST rate @18%.

Answered on August 26, 2017.
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Your Answer

Gen GST