If an air travel agent opts for composition scheme, the rates of service tax applicable to him in case of domestic booking and international booking are —

CS Executive · Tax Laws and Practice · PYQS · December 2014
If an air travel agent opts for composition scheme, the rates of service tax applicable to him in case of domestic booking and international booking are —
(A) 0.6% of basic fare and 1.2% of base fare respectively
(B) 0.06% of basic fare and 0.12% of base fare respectively
(C) 1.2% of basic fare and 0.6% of base fare respectively
(D) 0.12% of basic fare and 0.06% of base fare respectively.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) 0.6% of basic fare and 1.2% of base fare respectively. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Service Tax

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