Engineering college conduct AFOSEC event gst applicable or not
This query is : Resolved
ammaji rajulapati
(Querist)
23 February 2024
Sir/Madam,
Engineering college organizing AFOSEC-2024 event in this event some stalls are arranged by
Ltd companies and individual persons, So, we are collected registration fee above 500/-rs.
What is the gst % and HSN code of this event , otherwise we are consider this event stalls in consultancy head 998393 .
Plz clear the doubt .
Engineering college organizing AFOSEC-2024 event in this event some stalls are arranged by
Ltd companies and individual persons, So, we are collected registration fee above 500/-rs.
What is the gst % and HSN code of this event , otherwise we are consider this event stalls in consultancy head 998393 .
Plz clear the doubt .
06 July 2024
For organizing events like AFOSEC-2024 where registration fees are collected for stalls arranged by companies and individuals, GST applicability and HSN code depend on the nature of services provided. Here are some guidelines:
1. **GST Applicability**: Registration fees for events are generally considered as services provided by the event organizers. The applicable GST rate would typically be 18% under the category of "Business Support Services" (9983) unless the event qualifies for a lower rate under specific exemptions.
2. **HSN Code**: The appropriate HSN (Harmonized System of Nomenclature) code for the services provided (organizing events and providing space/stalls) could fall under various categories depending on the nature of the event. For event management services, the HSN code commonly used is 998392.
3. **Consultancy Services**: Head 998393, "Other professional, technical, and business services," typically covers consultancy services. However, for event management and stall arrangements, it's more appropriate to classify them under the specific event management services (998392) if the primary activity is organizing an event and providing space for stalls.
To ensure compliance and accuracy in GST filing, it's recommended to consult with a Chartered Accountant or GST practitioner who can assess the specific details of AFOSEC-2024 and advise accordingly based on the exact services provided and the event's structure.
1. **GST Applicability**: Registration fees for events are generally considered as services provided by the event organizers. The applicable GST rate would typically be 18% under the category of "Business Support Services" (9983) unless the event qualifies for a lower rate under specific exemptions.
2. **HSN Code**: The appropriate HSN (Harmonized System of Nomenclature) code for the services provided (organizing events and providing space/stalls) could fall under various categories depending on the nature of the event. For event management services, the HSN code commonly used is 998392.
3. **Consultancy Services**: Head 998393, "Other professional, technical, and business services," typically covers consultancy services. However, for event management and stall arrangements, it's more appropriate to classify them under the specific event management services (998392) if the primary activity is organizing an event and providing space for stalls.
To ensure compliance and accuracy in GST filing, it's recommended to consult with a Chartered Accountant or GST practitioner who can assess the specific details of AFOSEC-2024 and advise accordingly based on the exact services provided and the event's structure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
