Mistake 1: Recording Gross Instead of Net Revenue
Many travel agents record the full package amount as revenue. But if you passed Rs 80,000 to a hotel and kept Rs 8,000 as commission, only Rs 8,000 is your revenue. Getting this wrong inflates turnover and GST liability.
Mistake 2: Missing Input Tax Credit
If you are buying services from GST-registered vendors for B2B clients, you may be eligible for Input Tax Credit. Most agents miss this entirely.
Mistake 3: TCS Not Tracked Separately
5% TCS on international tour packages above Rs 7 lakh must be collected and deposited separately from GST. Mixing them creates compliance problems at year end.
Mistake 4: No Supplier Ledger
Without a proper payables ledger for each supplier, you end up double-paying, missing due dates, or losing track of credit notes.
We handle all of these correctly at The Flip Desk — so your books are clean and your CA has nothing to complain about.
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