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GST compliance for event management industry

CA Pradeep Kumar Rajput 
on 17 October 2018

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Event Management is a kind of industry where almost every event is different from the previous one, where each event requires something new on the plates. And the place of the event can be anywhere in India and abroad. This makes the Event Management Industry more complicated when it comes to the GST compliances. Any non-compliances may lead to the monitory outflow in the future. And the situation may get even worse when the company is not aware of its non-compliances Below are the few points for the better GST compliance in the Event Management Industry:

1. As it’s a service industry firstly we need to unlearn lots of things which were prevalent in the Service Tax Regime be it registration, record keeping, booking CENVAT Credit, Accounting System etc.

2. The place to supply and the place of registration shall be same to book the credit in the books of accounts. If they differ absorb the tax component in the bill as cost.

3. Issue the Invoice, Debit/Credit Note, and Receipt/Payment/Refund Voucher as per the requirement. Any miss may lead to the non-compliances.

4. GST being the consumption-based taxation. Hence each state where the event is held will get the tax revenue. Hence, mentioning the place of supply in the invoice is the key.

5. Place of supply is the Key which tells us which state will get the tax revenue. Hence mentioning the place of supply on the invoice is of prime importance. Any mistake in this may lead to further outflow from the company especially when refund is not processing as smoothly as they should be.

6. If the size of the event exceeds the specified limit in the non-registered state then registration shall be obtained to book the credit of that particular event.

7. Change your accounting system to bring concept of the monthly closing of the books of accounts that makes backdating of entries difficult.

8. If the company has the registration in more than one state the compliances related to the Input Service Distributor shall be followed.

9. Keep on reconciling the credit booked in the books of account with the same reflecting on the online portal.

10. If the credit is not reflecting on the online portal the same shall be absorbed as cost.

11. Generate the e-waybill if the goods are transporting from one place to the other place.


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CA Pradeep Kumar Rajput 

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