Taxes applicable on event tickets

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Mudit Gupta

Founder

28 Points Joined September 2014

Hi,

I've just started my events company in Bangalore and conducting my first event soon. What taxes do I need to charge on event tickets apart from Entertainment Tax?

My revenue from ticket sales of this event will most likely exceed 10 Lakh, will I need to pay service tax on this as well?

Awaiting your guidance.

Thanks and Regards,

Mudit

Replies (1)

Gagan Deep Singh

CHARTERED ACCOUNTANT

1190 Points Joined October 2012

Any entertainment event which is intended to provide recreation,fun or enjoyment like dance, music, drama etc. or even any amusement facility like gaming devices, water park etc. will come under NEGATIVE LIST u/s 66D & not liable for service tax.