Event management
Vijay Mohan (638 Points)
17 March 2021
is it mandatory to register under GST. for services rendered. of event management.
6 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 March 2021
Event management comes under RCM
Rajkumar Patel
(602 Points)
Replied 18 March 2021
I think that it is not under RCM. Because sponsorship services is covered under RCM
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 March 2021
Event management under RCM
18% GST Rate on Event Management Services
The 18% GST Rate is being imposed by the Indian Government on the Event Management Services. Info Tax is an expense being required on each phase of the production network when you are having a business in merchandise and associated administrations for the.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 March 2021
Applicability of Event Management Services for Registration Under GST
Every individual person who deals either in supplying goods or services or both would be entitled to register under GST if any of the cases mentioned below is fulfilled:
A person or company whose annual turnover is more than Rs 40 Lakh in a financial year of taxable supply of Goods or services.
If any of the people resides from North Eastern areas such as Manipur, Arunachal Pradesh, Nagaland, Meghalaya, Assam, Tripura & Mizoram, Sikkim, Jammu & Kashmir, Himachal Pradesh & Uttarakhand and his/ her annual turnover is more than Rs 10 Lac in a financial year of taxable supply of goods or services.
Date of Introduction:
16.08.2002 vide Notification No.8/2002-ST, dated 01.08.2002.
(B) Definition and scope of service:
(i) "Event Management" means any service provided in relation to planning, promotion, organizing or presentation of any arts, entertainment, business, sports, [marriage]* or any other event and includes any consultation provided in this regard;
(Section 65(40) of the Finance Act, 1994)
(ii) "Event Manager" means any person who is engaged in providing any service in relation to event management in any manner;
(Section 65(41) of the Finance Act, 1994)
"Taxable Service" means any service provided or to be provided, [to any person], by an event manager in relation to event management.
(Section 65 (105) (zu) of the Finance Act, 1994)
Every individual person who deals either in supplying goods or services or both would be entitled to register under GST if any of the cases mentioned below is fulfilled:
A person or company whose annual turnover is more than Rs 40 Lakh in a financial year of taxable supply of Goods or services.
If any of the people resides from North Eastern areas such as Manipur, Arunachal Pradesh, Nagaland, Meghalaya, Assam, Tripura & Mizoram, Sikkim, Jammu & Kashmir, Himachal Pradesh & Uttarakhand and his/ her annual turnover is more than Rs 10 Lac in a financial year of taxable supply of goods or services.
Date of Introduction:
16.08.2002 vide Notification No.8/2002-ST, dated 01.08.2002.
(B) Definition and scope of service:
(i) "Event Management" means any service provided in relation to planning, promotion, organizing or presentation of any arts, entertainment, business, sports, [marriage]* or any other event and includes any consultation provided in this regard;
(Section 65(40) of the Finance Act, 1994)
(ii) "Event Manager" means any person who is engaged in providing any service in relation to event management in any manner;
(Section 65(41) of the Finance Act, 1994)
"Taxable Service" means any service provided or to be provided, [to any person], by an event manager in relation to event management.
(Section 65 (105) (zu) of the Finance Act, 1994)
Ahmed Malik
(55 Points)
Replied 04 November 2022
Paid to labour contractor Mr Satish for https://banksnear-me.com/bank-of-america-near-me/ labour work charges 4000 including tds How can I pass entries in tally Is there any tds deductable .
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