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of <h1>Ministry Clarifies Tax Rules: Airlines Must Refund or Credit Excess Service Tax on Pre-April 2012 Tickets per Rule 4.</h1> The circular from the Ministry of Finance clarifies the Point of Taxation Rules concerning service tax adjustments due to changes in the effective tax rate. Effective from April 1, 2012, the service tax rate is restored to 12%. The circular addresses issues where airlines collected differential service tax on tickets issued before this date for journeys after. According to Rule 4 of the Point of Taxation Rules 2011, the applicable service tax rate is 10% for tickets issued and paid before April 1, 2012. Any extra service tax collected must be credited to the Central Government if not refunded to customers.
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