Event Company

Section 22 to 25 specifies the persons who are liable to obtain GST Registration.

Every person who is engaged in supply of goods or rendering of services or both will  be liable to be registered under the GST if

1. Aggregate Turnover in a financial year of taxable supply of Goods or services exceeds Rs. 20 Lac or

2. Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 10 Lac if person is located at North Eastern area ( Manipur , Arunachal Pradesh , Nagaland , Meghalaya , Assam , Tripura & Mizoram , Sikkim , Jammu & Kashmir , Himachal
   Pradesh & Uttarakhand )

3. GST Rate is 18%

4. Input tax is a tax imposed on the person when he receives supply of goods & services which are used for his business. Now in case of event management business utilization of Input tax credit for making GST payment is allowed for providing event management services supply.

5. GST registration holder would have to file GSTR-1 (details of outward supplies) on the 10th of each month.
6. GSTR-2 (details of inward supplies) on the 15th of each month and GSTR-3 (monthly return) on the 20th of each month.
7. Compounding taxpayers would be required to file GSTR-4 every quarter, on 18th of the month next to the quarter.
8. Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December.