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Monday, June 12, 2017

Rate of Service Tax fixed on exhibition of Cinematographic Films in India


     
   The Cinema Theatres comes under the category of Services and the Entertainment Tax so far collected will be collected under Services Tax in the Goods and Services Tax Regime.

        The GST Rates for Services as approved by GST Council held on 19.5.2017, services by way of admission to entertainment events or access to amusement facilities including exhibition of cinematograph films, theme parks, water parks, joy rides, merry-go rounds, go-carting, casinos, race-course, ballet, any sporting event such as IPL and the like will attract 28% of Service Tax with full ITC vide Serial Number 28 of Schedule of GST Rates for Services as approved by GST Council.

        As per the above decision the rate of Service Tax for admission to exhibition of Cinematograph Films fixed at 28% with full ITC irrespective of rate of admission.

        In the GST Council meeting held on 11.6.2017, Serial Number 27A has been added newly with description of services as Services by way of right to admission of cinematographic films where the consideration for admission is Rs. 100 or less will attract 18% of Service Tax with Full ITC.

RATE OF SERVICE TAX FIXED ON EXHIBITION OF CINEMATOGRAPHIC FILMS

Schedule
Sl.No.
Description of Services
Rate of Admission
Rate of GST
Eligibility of ITC
27A
Services by way of right to admission to exhibition of cinematographic films
Rs. 100 or less
18%
Full ITC
28
Services by way of admission to exhibition of cinematographic films
Above Rs.100
28%
Full ITC

The rates mentioned above will apply to all places like the areas of the Metropolitan cities, Municipal Corporations, Municipalities, Town Panchayats,  Panchayat Unions (Blocks) Village Panchayats without any difference.

The above rates will apply to permanent theatres semi-permanent theatresm multiplex theatres and touring talkies without any difference. Similarly the rates will apply for Air-conditioned theatres or non Air-conditioned theatres without any difference.

The above rates will apply to first run films (New release films) and old films and also dubbed films without any difference.
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