input uotput

[prodipto mondal]

i am a tour and travel agent. mainly i booked air/train ticket..example if i booked train ticket then my gst number will be provided in IRCTC website or if i booked air ticket in makemytrip then gst number will be provided in makemytrip website... if i provide my gst number in IRCTC website for train ticket booking then IRCTC provide me ITC, in this case if i claim INPUT then in my invoice OUTPUT will be mandatory or only 18% GST for service charge will OUTPUT.

AI Summary

Input tax credit when agents book tickets must be matched by GST charged on the agent's service charge. When a tour and travel agent provides its GST number to an electronic ticketing platform, the platform issues invoices giving rise to input tax credit for taxes charged on ticket supplies; the agent's taxable supply is its facilitation/service and it must account for output tax on the agent's service charge, so the agent's invoice should reflect output tax only on its service fee rather than the full ticket value.