TMI BlogGST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%X X X X Extracts X X X X X X X X Extracts X X X X ..... GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18% - Goods and Services Tax - GST Dated:- 7-2-2018 - News - In its Meeting held on 18 th January, 2018, the GST Counci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tive entertainment and therefore, the rate may be reduced to 18%. The notifications giving effect to these recommendations of the Council have been issued on 25 th January, 2018. Accordingly, admi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion 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 r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aise 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the rate cut in GST is passed on to the children and families. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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