What is HSN code for travel agency?

2.4 HSN (Harmonized System of Nomenclature) code has been used for classifying the goods under GST regime. HSN is already used and well accepted in Customs Tariff of India. Services are now classified under different Services Accounting Codes (SAC). SAC for tour operators and air travel agents is 9985.

What is the scope of business for the travel agency?

The business scope of Class-A travel agencies shall consist of the following: 1.) Being commissioned to sell passenger tickets for domestic or foreign land, sea, and air transportation operators, or to buy domestic or overseas passenger tickets and to handle shipment of luggage for the traveler. 2.)

What are the requirements of travel agency?

Travel Agency – Business Registration Requirements

• Business Name Registration. Visit Department of Trade & Industry (DTI)
• Mayor’s Permit. Agency: Local municipality where the business is located.
• Tax Identification Number (TIN)
• Social Security System (SSS)
• Department of Labor and Employment (DOLE) Registration.

How much is GST on tour packages?

In other words, the non-provincially taxable portion of a tour package refers to all property and services included in a tour package that, if supplied separately and not as part of the tour package, would be supplies made outside a participating province and subject to the 5\% GST.

Is GST applicable on visa fees?

The visa processing charges charged by visa statutory authorities i.e. the consulates/embassies will be exempt from the payment of GST. Visa/passport processing charges charged only by the statutory authorities is exempt from tax.

Are tours taxable?

Usually, an organization that conducts travel tours is an educational organization. If so, Page 3 income attributable to such an organization’s travel tours will be treated as not subject to tax, if the tours are substantially related to the educational purposes of the organization.

Do I charge GST on travel expenses?

The result is effectively GST charged on GST. If this was the arrangement the Contractor is effectively marking up the travel expenses by 10\%. Assuming they haven’t this would be incorrect as the Contractor would be entitled to a GST credit for the costs of the airfare and accommodation.

Do you need a GST number to start a travel company?

Yes, that’s a very valid question for starting a travel company in the new GST era. The Goods or Services Tax is applicable to you if you have an annual turnover of more than 20 lakhs. Since we are also talking about taking your business online, you will also require a GST number for selling travel services or products online.

What is the GST on air ticket booking services?

GST on Air Ticket Booking Services by Agents 18\% GST will be levied on the commission income earned by air travel agents from airlines as well as on service charges and other charges collected from the passengers. ITC is available on GST paid on commission/ service charge by an air travel agent. Commission/incentive paid by the airline company

What is the GST rate for travel insurance?

GST for travel insurance is 18\% but agent are required to register with IRDA as per Insurance act 1938 6. Railway Commission : i. GST for booking for railway is 18\% ii. Where the agent is receiving service charges the place of supply shall be location of receipt ant of service.

Is there any GST on a convertible foreign tour?

3. Outbound tour sold to a foreigner for visiting another foreign country & the payment received in convertible foreign country is exempt from GST. Also, Check gst on travel agents. 3. Travel Related Service like VISA, Passport etc