CA Mayank Wadhera
Quick Summary
Event management is a booming industry in India, covering corporate events, concerts, weddings, exhibitions, and more. While the creative aspects are exciting, compliance with legal, tax, and regulatory requirements is crucial for smooth operations. This guide provides a step-by-step approach to ens
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FAQ :
Before an event, you'll need local municipal permission for the venue, police permission for crowd control, and potentially a fire department NOC if large setups or pyrotechnics are involved. You should also ensure you have adequate event liability and public liability insurance.
For playing recorded music, you need a Phonographic Performance Limited India (PPL) License. For live performances, an Indian Performing Rights Society (IPRS) License is necessary. If you plan to screen films or other content publicly, you'll need Central Board of Film Certification (CBFC) Approval.
Event management services in India are subject to GST at 18%. You must ensure GST compliance, issue tax invoices to vendors and clients, and maintain proper bookkeeping for Tax Deducted at Source (TDS) and advance payments.
During the event, it's vital to deploy security personnel as per police recommendations, ensure fire safety equipment is readily available, and conduct last-minute safety checks before the event commences.
Post-event, you need to settle finances by collecting vendor invoices, issuing final client invoices, and filing GST returns. Ensure TDS payments are correctly deducted and filed. You may also need to submit an event closure report and complete any insurance claims.
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