https://www.taxtmi.com/forum/issue?id=114457 Valuation of air-ticket booking services by travel agents is governed by Rule 32(3) of the CGST Rules, 2017, which deems the value of such services to be a fixed percentage of the basic fare (the portion of air fare on which commission is normally paid); this valuation applies regardless of agent markup and the pure agent provision under Rule 33 cannot be used to alter it. Inter state bookings are treated as inter state supplies, and services procured from abroad are import of services subject to tax under the reverse charge mechanism as per the IGST provision and CBIC guidance. en-us Sun, 06 Jan 2019 07:14:24 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114457 Valuation of air-ticket booking services by travel agents is governed by Rule 32(3) of the CGST Rules, 2017, which deems the value of such services to be a fixed percentage of the basic fare (the portion of air fare on which commission is normally paid); this valuation applies regardless of agent markup and the pure agent provision under Rule 33 cannot be used to alter it. Inter state bookings are treated as inter state supplies, and services procured from abroad are import of services subject to tax under the reverse charge mechanism as per the IGST provision and CBIC guidance. Discussion-Forum GST Sun, 06 Jan 2019 07:14:24 +0530 https://www.taxtmi.com/forum/issue?id=114457