gross turnover

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... we are carrying business of tour and travels. we purchase air tickets and package for our customer. the vendor pays us commission on purchase of tickets and packages. my question is whether my gross .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... turnover will be sale value or only commission. suppose we purchase air ticket for Rs. 100000 and pays Rs 98000 . Rs 2000 is our commission. what will be our gross turnover for tax audit purposes.Rs 2 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 000 or Rs 100000.00 - Reply By Surender Gupta - The Reply = Either you pay service tax on commission portion at the rate of 10% or you may opt to pay service tax at composition rate at 0.6% or 1.2% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on the gross value of Rs. 100000/- as prescribed under rule 6(7) of service tax rules, 1994 , if your service qualifies to be air travel agent services. - gross turnover - Query Started By: - d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .v. gupta Dated:- 4-1-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmana .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X