GST on amusement park tickets lowered to 18%
7 Feb 2018 9:55 PM IST
New Delhi: Tickets to amusement parks, including theme parks, water parks and merry-go-rounds, attract 18 per cent GST with effect from January 25, lower than 28 per cent earlier, the Finance Ministry said on Wednesday.
The ministry hoped that states through authorities, like panchayats and municipalities, would not increase the local taxes on entertainment and amusement and help keep the tax burden low.
"This will ensure that the rate cut in GST is passed on to the children and families," it said.
The ministry said it received requests from several quarters that amusement parks promote social wellness and beget fun and learning for children and their families and, therefore, the rate should be reduced to 18 per cent. "The GST Council had recommended reduction of GST rate on services by way of admission to amusement parks including theme parks, water parks, joy rides, merry-go-rounds, go- carting and ballet from 28 per cent to 18 per cent," the ministry said.
It said the exemption threshold for admission tickets to circus, dance and theatrical performances has been doubled to Rs 500. The GST Council has also hiked the monthly subscription threshold for deducting GST by resident welfare association (RWA) with turnover of over Rs 20 lakh with effect from January 25.
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