New Year events to attract GST

The Commercial Taxes Department on Thursday informed that the entertainment events to be conducted on December 31 on the eve of New Year 2018 attract tax under the provisions of the GST Act.Therefore, Commissioner (State) V. Anil Kumar said all all the New Year Event organisers need to be registered under the TGST/CGST Acts as Casual Taxable Persons under Section 25(1) of the TGST/CGST Acts, if they are not already registered under the said Acts and required to pay advance tax @ 28% based on the estimated turnover before the commencement of the event.

“Any non-compliance in this regard will be viewed seriously. Apart from the GST tax due @ 28%, if wilful, penalty equal to tax (100%) will be imposed on the violators,” the Commissioner said. For further information, all the New Year event organisers have been asked to approach concerned circle officials or Special Commissioner (Enforcement Wing), O/o Commissioner (State Tax), Nampally, Hyderabad.

Source:http://www.thehansindia.com/posts/index/Telangana/2017-12-29/New-Year-events-to-attract-GST/348657

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