Home » News » Banking & Finance » GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%. 

GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%. 

​ In its  Meeting held on 18th January, 2018, the GST Council had recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28% to 18%. These services hitherto attracted GST @ 28%. Requests were received from several quarters that amusement parks promote social wellness and beget fun and learning for children and their families in a real active entertainment and therefore, the rate may be reduced to 18%.The notifications giving effect to these recommendations of the Council have been issued on 25th January, 2018. Accordingly, admission to amusement parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet is now taxable at the lower rate of 18%.

It is expected and hoped that States do not raise the tax on entertainment and amusement levied by the local authorities (Panchayats/ Municipalities/ District Councils) so as to increase the tax burden on the amusement parks.  This will ensure that the rate cut in GST is passed on to the children and families.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Finance Minister Smt. Nirmala Sitharaman assures industry of Government’s support; Industry should wait & watch to assess the situation

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, here today urged the industry ...

India has witnessed tremendous growth of 727% for Wheat export and 132% for (Non-Basmati) Rice export during 2020-21

India has consistently maintained trade surplus in the agricultural products over the years. India’s agricultural ...

1,23,902 crore gross GST revenue collected in the month of March 2021

The gross GST revenue collected in the month of March 2021 is at a record ...

Exchange rate notification No. 40/2021 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 ...

Sanction for prosecution accorded in 366 cases in violation of CSR provisions

Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated ...

Bankrupt Companies after lockdown was imposed due to COVID-19 pandemic

As per information from Insolvency and Bankruptcy Board of India (IBBI), details for the period ...

POWERGRID Signs Agreement to Acquire 74% Stake in Jaiprakash Power Ventures Limited

Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under Ministry of Power, Government ...

20 States implement ease of doing business reforms , Get additional borrowing permission of Rs. 39,521 crore

The number of States who have successfully completed the “Ease of Doing Business” reforms has ...

Tariff Notification No. 28/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs ...

GST compensation shortfall released to States reaches Rs. 1.06 lakh crore

The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 ...

WP2Social Auto Publish Powered By : XYZScripts.com