Goods and Services Tax – GST – Dated:- 23-5-2017 – New Delhi, May 23 (PTI) Taxation on entertainment, cable and DTH services shall come down under the Goods and Services Tax regime as the 'entertainment tax' levied by states has been subsumed in the GST, the government said today. The Finance Ministry in a statement said services by way of admission to entertainment events or cinematography films in cinema theatres will attract 28 per cent GST with effect from July 1. Currently, states impose entertainment tax of up to 100 per cent in respect of exhibition of cinematography films in theatres/cinema halls. Under GST, the entertainment tax has been subsumed, and hence only the taxes levied by a panchayat or municipality on entertainm
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ideration for admission of ₹ 250 per person. These services currently attract entertainment tax levied by the states, the statement said. Presently, such service providers are not eligible to avail of input credits in respect of VAT paid on domestically procured capital goods and inputs or of Special Additional Duty (SAD) paid on imported capital goods and inputs, the statement added. Thus, while GST is a value added tax, entertainment tax, presently levied by the states is like a turnover tax, it added. The government has estimated that the incidence of taxes on smartphones, medical devices and cement will come down post GST rollout from July 1. Last week, the GST Council had finalised the fitment of over 1,200 goods and 500 services
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