Event Management services gst rate
This query is : Resolved
26 May 2023
Hello,
I arrange corporate parties and events and derive income from it in one of the 3 following cases.
For eg. I am arranging a party for employees of Wipro in a restaurant named Socials.
There are 3 ways in which i can bill:
- Commission from Restaurant - I take commission from Socials and directly discharge my GST Liability @ 18% as GST on Commission
- Restaurants bill + my Service fee and bill to Wipro - I will directly discharge my GST Liability @ 18% as GST on Service fee element only showing pure supply
- I receive a bill of 50000 from the restaurant and i mark up 30000 and raise bill of 80000 to Wipro. Now for this scenario I have the following queries :
1. What should be my GST Rate as i am a service provider (event manager) and not a restaurant.
2. If my GST Rate is 18%, can i take credit of GST @5% paid on Restaurant's bill.
3. If my GST Rate is 5%, can i still take credit of GST @5% paid on Restaurant's bill or any other expenses incurred for arranging the party.
Awaiting a reply.
Thanks in advance.
I arrange corporate parties and events and derive income from it in one of the 3 following cases.
For eg. I am arranging a party for employees of Wipro in a restaurant named Socials.
There are 3 ways in which i can bill:
- Commission from Restaurant - I take commission from Socials and directly discharge my GST Liability @ 18% as GST on Commission
- Restaurants bill + my Service fee and bill to Wipro - I will directly discharge my GST Liability @ 18% as GST on Service fee element only showing pure supply
- I receive a bill of 50000 from the restaurant and i mark up 30000 and raise bill of 80000 to Wipro. Now for this scenario I have the following queries :
1. What should be my GST Rate as i am a service provider (event manager) and not a restaurant.
2. If my GST Rate is 18%, can i take credit of GST @5% paid on Restaurant's bill.
3. If my GST Rate is 5%, can i still take credit of GST @5% paid on Restaurant's bill or any other expenses incurred for arranging the party.
Awaiting a reply.
Thanks in advance.
26 May 2023
1. 18%.
2. Yes, provided the restaurant bill is in your name.
3. Not applicable.
2. Yes, provided the restaurant bill is in your name.
3. Not applicable.
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