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3:19 pm - Monday February 25, 8915

GST rate on admission to amusement parks and ballet etc, reduced to 18pc

Agencies, New Delhi

The GST Council had recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28 per cent to 18 per cent.

The recommendation for the same was done by GST Council in its Meeting held on 18th January, 2018.These services hitherto attracted GST at 28 per cent. Requests were received from several quarters that amusement parks promote social wellness and beget fun and learning for children and their families in a real active entertainment and therefore, the rate may be reduced to 18 per cent.

The notifications giving effect to these recommendations of the Council have been issued on 25th January, 2018. Accordingly, admission to amusement parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet is now taxable at the lower rate of 18 per cent.

It is expected and hoped that States do not raise the tax on entertainment and amusement levied by the local authorities (Panchayats/ Municipalities/ District Councils) so as to increase the tax burden on the amusement parks. This will ensure that the rate cut in GST is passed on to the children and families.

Posted in: Business

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