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Vat & wct in case of event management firm


19 August 2013 Hi!


can anyone help me about VAT & WCT applicability in event management firm.is it necessary to take VAT no.for the firm.and also tell me if we are contracting with another company or party to held a program by call a DJ from abroad to performing in India,than in case of contracting with them only TDS(Contract)apply or is WCT applicability there???


And also you can ans.me at my Email:kehkashan@whitefoxindia.com



Regards,
Kehkashan Hussain

19 August 2013 from your question it is likely that

you organize musical event by calling artist from other country and you are not selling any goods, so VAT registration is not required.

As far as WCT is concern, you are not building/construction any structure which are transferred to other party, so WCT is not applicable.

As far as TDS is concern, specify the detail of transaction/payment so that i will advice which section of income tax is applicable

24 August 2013 Hi Umesh,


This is I know but my question is that when we are organizing the event and call the DJ, is entertainment tax applicable? and if we are just providing DJ to other party (at their venue-BAR) under an agreement and 50:50 cost of DJ (payment to him-artist fee) has been divided and this is payment didnt pay directly to the DJ it is through another agent contracted with our company only, now my question is should i raise an invoice for 50% cost of DJ to the party to pay the full amount to DJ or should charge service tax on that 50& cost? what happened is that as per my tax consultant i have charged S.T. on that amount and party has deducted TDS on that.but as per consultant tds should not be deducted on that amount.


please suggest me what should do??




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