Provisions and Definitions in Travel and Event Management Services
This content covers the definitions of tour operators, event management, value of supply for ticket booking, and place of supply of services in India, focusing on aspects relevant to the travel and event management industries. It explains key terms, pricing guidelines, and service locations for various activities in these sectors.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
GENERAL PROVISIONS 1
DEFINITIONS DEFINITIONS Tour Tour operator operator means any person engaged in the business of planning, scheduling, organizing, arranging tours (which may include arrangements for accommodation, sight-seeing or other similar services) by any mode of transport and includes any person engaged in the business of operating tours . (GST) (GST) Event Event Management Management means any service provided in relation to planning, promotion, organizing or presentation of any arts, entertainment, business, sports, marriage or any other event and includes any consultation provided in this regard. (Service (Service Tax) Tax) Event Event Manager Manager means any person who is engaged in providing any service in relation to event management in any manner. (Service (Service Tax) Tax) 2
VALUE OF SUPPLY VALUE OF SUPPLY TICKET TICKET BOOKING BOOKING: :- - For booking of tickets for travel by air provided by an air travel agent shall be 5% of the basic fare in case of domestic bookings, and 10% of the basic fare in case of international bookings. Note Note: :- - Basic normally paid to the air travel agent by the airlines. Basic fare fare means that part of the air fare on which commission is CURRENCY CURRENCY CONVERSION CONVERSION:- For foreign currency sale / purchase:- If If converted converted to to / / from from INR INR: :- Difference between buying and selling rate * Units [If RBI reference rate not available:- 1% of gross INR] If both currencies are not INR:- 1% of lessor currency (value in INR after Conversion) Other option:- 1% of currency exchanged upto Rs 1Lac (Min Rs 250) 1,000+ 0.5% of currency exchanged from 1 Lac upto Rs 10 Lacs 5,500+ 0.1% of currency exchanged above Rs 10 Lacs (Max Rs 60,000) 3
Place of Supply of Services where Supplier & Recipient are Place of Supply of Services where Supplier & Recipient are in India in India In relation to an immovable property; by way of lodging accommodation by a hotel, etc; accommodation for organizing any marriage or reception; any services ancillary to above services. shall be the location location at at which which the the immovable Note:- If f the the location location of of the the immovable immovable property intended to be located outside outside India India, the place of supply shall be the location location of of the the recipient recipient. . By way of admission admission to a cultural, artistic, sporting, scientific, educational, entertainment event or amusement park, shall be the place is is actually actually held held. . By way of organization organization of an event including services in relation to a conference, fair, exhibition, celebration or similar events or ancillary services; or assigning of sponsorship to such events: to to a a registered the the location location of of such such person person; ; to to a a person person other be the place place where where the the event event is is actually actually held India India, the place of supply shall be the location immovable property property is property or or boat boat or or vessel located vessel. . or place where where the the event event registered person than a a registered registered person held; ; if if the event event is is held location of of the the recipient recipient. person, , shall person, shall held outside shall be be other than outside 4
Place of Supply of Services where Supplier or Recipient is Place of Supply of Services where Supplier or Recipient is outside India outside India The place of supply of services supplied directly property property, shall be the place where intended intended to to be be located located. directly in in relation the immovable immovable property relation to to an property is is located an immovable immovable located or or where the The place of supply of services supplied by way of admission to, or organisation of a cultural, artistic, sporting, scientific, educational or entertainment event, or a celebration, conference, fair, exhibition or similar events, and of services ancillary to such admission or organisation, shall be the the place place where where the the event event is is actually actually held held. . The place of supply of the supplier supplier of of services services the intermediary intermediary services services shall be the location location of of the the 5
Tour conducted wholly and exclusively outside India are exempt under GST Tour Operator Services can fall under many categories such as Intermediary Services, Performance based services etc. 6
