St related amusement parks
This query is : Resolved
05 March 2016
Is limit of rs 500 is applicable to amusement parks
05 March 2016
Finance Act 2015 made the following changes in the Negative List:
" * Service Tax shall be levied on the service provided by way of access to amusement facility providing fun or recreation by means of rides, gaming devices or bowling alleys in amusement parks, amusement arcades, water parks and theme parks.
* Service tax to be levied on service by way of admission to entertainment event of concerts, pageants, musical performances concerts, award functions and sporting events other than the recognized sporting event, if the amount charged is more than ₹ 500 for right to admission to such an event."
Hence, based on the above amendment it is clear that, access to amusement park is taxed without any limit. Further, admission to entertainment events such as concerts, pageants, musical performances concerts, award functions and sporting events in excess of 500/- will be subject to service tax on full consideration.
Thus a plain reading of the amendment makes it amply clear that whatever the charges for entrance to amusement parks, the same shall be subject to service tax. There is no exemption of Rs.500 applicable.
" * Service Tax shall be levied on the service provided by way of access to amusement facility providing fun or recreation by means of rides, gaming devices or bowling alleys in amusement parks, amusement arcades, water parks and theme parks.
* Service tax to be levied on service by way of admission to entertainment event of concerts, pageants, musical performances concerts, award functions and sporting events other than the recognized sporting event, if the amount charged is more than ₹ 500 for right to admission to such an event."
Hence, based on the above amendment it is clear that, access to amusement park is taxed without any limit. Further, admission to entertainment events such as concerts, pageants, musical performances concerts, award functions and sporting events in excess of 500/- will be subject to service tax on full consideration.
Thus a plain reading of the amendment makes it amply clear that whatever the charges for entrance to amusement parks, the same shall be subject to service tax. There is no exemption of Rs.500 applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
