GST Impact on Event Management

 GST Impact on Event Management



GST Impact on Event Management 
• Event planning or management, in other words, means organizing, planning, promoting, hosting, or conducting all kinds of services. 
• It includes conducting services on conferences, festivals, weddings, ceremonies, concerts, formal parties, conventions, etc. it is all handled and taken care of by the Event Manager. 
SAC for Event management. 
The GST rate on the event management -18%, 
• sac – 998596 - events, exhibitions, conventions and trade shows organisation and assistance services 
• sac – 999621 - Performing arts event promotion and organization services GST Rates 
• Non-entertainment events include seminars, conferences, training, workshop, trips, and treks. Access to Indian Classical dance, circus, folk dance, drama, theatrical performance will be taxed at 18%. 
• The ticket price of these events that is less than Rs 500 is exempted from the GST. (2/2018-CT(R)25.01.2018) 
• Access to entertainment events includes amusement parks, cinematograph films, racecourse, sporting events like the IPL, etc would be taxed at a whopping rate of 28%. 
• But to sell online tickets, they must be registered under the GST, even if that means the sale is less than INR 20 Lakh per annum. 
• Therefore, the GST has brought about relief and difficulties at the same time to different sects of people working in the industry. 
• Place of event helps to charge interstate or intra-state billing. 
• ITC needs to be reversed if non-ticketing events are taking place on proportionate basis.

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