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GST Loss Treatment: Penning GST Airline Invoices
Dalip Negi
Asked 9 months ago
Dear all, Travel related query - airline invoices not received against booking : want to ask tge fraternity as to how are they treating the amount gst amount. Are you debiting it to the vendor or absorbing the loss.Rgds
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Kapil Khera
Answered 9 months ago
As a company we absorb the gst charges and take a refund while filing thr returns wiith GST as an expense. Kapil khera Idemia
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Gautam Verma
Answered 9 months ago
Hi Tarun, the air quality is extremely bad in NCR these days we have placed multiple standalone Air Purifiers across all our facilities. Maintenance team across all facilities are monitoring the indoor air quality 3 times throughout the day as well.
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Tarun Sharma
Answered 9 months ago
Under GST, shipping, freight, and logistic charges have changed quite a bit. As we know, when goods are transported through ships as cargo, the goods leaving the country are exports and goods entering the country are imported. These goods attract service tax. If the transportation happens through the air, both inbound and outbound shipments are not subject to service tax. The tax liability on of terminal charges, warehousing, and cargo handling is determined based on the taxability of the principal service. The GST law, however, does not specify what happens when there is an exclusion for air transport. While for freight charges on ocean transportation and transaction, it is clearly defined. Also, when the place of supply is inside a taxable territory, and will there be a tax with air and ocean with respect to GST? Dealers convert logistics and freight forwarding into a supply of services (which includes movement of goods through the sea, inland waterways, air, rail, or road). GST on freight depends if the transportation is national or international. If in case of a domestic freight, transportation happens from a place in India to another place in the country. In this case, both points of origin and destination have to be inside the country. On international transportation, however, international freight rules are applied. This applies if both the place of origin and destination are outside India, if one of them outside India, or both outside India. Thus, this impacts the “Place of Supply” provision to determine the taxability of cross-border and inter-state transaction
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