Service Tax query

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  1. Rajeev ohri

    Rajeev ohri New Member

    Hi,
    As we have started a travel agency and tied up with another travel partner.
    Our B2B service provider charges tds while booking for us @10.17% of our earned commission.
    Now if we have to issue an invoice to our client , What would we charge & what would be the service tax that we charge from him.
    For example: For Flight tickets:

    B2B Price = 15450.00 , Base Price = 11296.00 , Taxes= 3954.00,
    Promo discount = 200.00(FLTB200) Booking Amount: = 15250.00 -,
    Commission = 226.00 , Tds = 23.00 Net amount = 15046.60 ,
    Net payble = 15047.00

    Hence , I paid them Rs 15,047 in total for the transaction.
    Now if i have to create an invoice for my customer, what would be the breakup (my profit & tax)
    of invoice inclusive of service tax or any other tax if at all required.

    Thanks

    Rajeev ohri
     
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