GST Tax Rate for Travel Agents and Transport Services
Find the GST Tax Rate, HSN code or SAC code of GST Tax Rate for Travel Agents and Transport Services.
GST rate for all services and goods has been notified by the GST Council. GST Council fixed rates for all goods and services in five different slabs namely, 0%, 5%, 12%, 18% and 28%. GST portal was made live on 25th June, 2017 and GST registration has been opened. GST return filing is also set to commence from July partly. GST is now all set to be rolled out from 1st July, 2017. Hence, its important for all business owners to adopt GST invoice formats, classify their services under appropriate HSN or SAC code and begin charging the correct GST rate for the goods or service.
GST Tax Rate for Travel Agents
As per the Schedule of GST Rates for services approved by the GST Council on 19th May, 2017, supply of tour operator services attracts 5% GST rate with no input tax credit. Also, services provided by a tour operator to a foreign tourist in relation to a tour conducted wholly outside India would continue to be exempt from GST, as it was exempt from service tax.
GST Tax Rate for Transport Services
The following types of transport services attract 5% GST:
- Transport of goods by rail
- Services of goods transport agency (GTA) in relation to transportation of goods [other than used household goods for personal use]
- Services of goods transport agency in relation to transportation of used household goods for personal use.
- Transport of passengers by rail (other than sleeper class)
- Renting of motorcab
- Transport of passengers by air in economy class
- Transport of passengers, by
- Air conditioned contract/stage carriage other than motorcab
- Radio taxi.
- Transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regional Connectivity Scheme Airport
The following types of transport services attract 12% GST rate:
- Transport of passengers by air in other than economy class
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