Service Tax Tour Operator Abatement

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Tour Operator service-Amendment in abatement & CENVAT allowed

https://taxguru.in/service-tax/tour-operator-service-amendment-abatement-cenvat-allowed.html

Jan 15, 2017 · W.e.f. 22.01.2017, the abatement of 40% of gross amount charged for any tour operator service will be available. Therefore, w.e.f. 22.01.2017, service tax will be charged on 60% of the gross amount charged for any tour operator service. However restriction on availment of CENVAT Credit of input services has also been removed. Therefore, now CENVAT Credit of input services can be availed.

Service Tax Applicability on Tour Operators

https://taxguru.in/service-tax/service-tax-applicability-tour-operators.html

Presently I am paying 14% (flat) against tour operation service tax after abatement value. 60% abatement is applicable in our case. I am paying 14% of 40% value as service tax for tour operation or 5.6% of total amount. Eg.

Tour operators to pay service tax on 60% of billed amount ...

https://www.thehindu.com/business/Industry/Tour-operators-to-be-hit-by-new-service-tax-norms/article17037177.ece

Jan 13, 2017 · “The government has changed the service tax applicable on tour operators,” Rajeev Dimri, Leader, Indirect Tax, BMR & Associates said. “With effect from January 22, 2017, tour operators …Location: Kasturi Building, Anna Salai, 859-860, Mount Road, Chennai, 600002, Tamil Nadu

TOUR OPERATOR AND AIR TRAVEL AGENT :: SERVICE TAX ...

https://www.taxdose.com/tour-operator-and-air-travel-agent-service-tax/

Oct 08, 2015 · SERVICE TAX ON TOUR OPERATOR SERVICE: Tour operator service is taxable service. The basic rate of service tax on tour operator service is 14% (budget 2015 amended) but tour operator can avail abatement and charge and pay service tax on part of the value. VALUE OF TAXABLE SERVICE FOR TOUR OPERATOR: To determine service tax liability, we are required to find taxable value of services …

New service tax abatement hits travel trade hard ...

https://travtalkindia.com/new-service-tax-abatement-hits-travel-trade-hard/

March 14, 2017 AGENTS, Agents. The recent abatement to service tax from 4.5 per cent to 9 per cent on tour operators has come as a big blow to the travel trade. While the CENVAT credit could be a boon for inbound operators, it might negatively impact the outbound business. Industry experts share their views with TRAVTALK.

GST ON TOUR OPERATOR -thetaxtalk- tour operator should also

https://thetaxtalk.com/2018/05/14/gst-on-tour-operator/

May 14, 2018 · May 14, 2018. 2. 3179. Under service tax regime tour operator gets abatement on service tax rates, but now in GST there is no abatement on any services. In GST, Fixed Rate is specified & accordingly GST should be required to be charged without any abatement.

service tax on tour operator and air travel agent Tax Masala

https://taxmasala.in/service-tax-on-tour-operator-and-air-travel-agent/

Jun 09, 2015 · The basic rate of service tax on tour operator service is 14% (budget 2015 amended) but tour operator can avail abatement and charge and pay service tax on part of the value. Value of taxable service for tour operator: To determine service tax liability, we are required to find taxable value of services first.

Service tax applicability and amendments on Tour and ...

http://www.casahuja.com/2017/02/service-tax-applicability-and.html

7 rows · Jan 12, 2017 · However, w.e.f. 12 Jan. 2017, Ministry of Finance vide Notification No.4/2017 …

ABATEMENTS IN SERVICE TAX CHANGES W.E.F. APRIL 2016

https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=6822

May 17, 2016 · Abatement rates in respect of services by a tour operator in relation to a tour other than in para 9.1 above, has been rationalised from 75% and 60% to 70%. Consequently, the definition of “package tour” as provided in the relevant notification is being omitted. (Amendment in entry at S. No. 11 of notification No. 26/2012-ST refers)

Tourism sector: Abatement a major component of service tax

http://www.servicetaxonline.com/news.php?newsid=125

Abatement plays a vital role in costing. For tour operator services provided in relation to a package tour, abatement of 75% is available. Thus, coastoptic.com effective rate of service tax to be levied would be 25% of the normal rate, provided bill issued must indicate that it is inclusive of charges for such a tour.

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