Rolling out on Jul 1, 2017, GST is an indirect tax applicable on the sale, transfer, barter, purchase, lease, or Import of Goods and Services while replacing all the former applicable taxes. While some are happy with this upcoming change and some are frowning over the excess duty, GST is payable online through gstindiaonline.com and applies to even creative fraternity including visual arts, performing arts, literature.
Artists who were exempted from paying VAT on their services will bear 12% on all of their artworks. Content writers who were previously paying 15% service tax will now be charged with an 18% GST, the basic exemption limit for them is Rs. 20 Lakh.
Entertainment Tax is completely abolished and now a GST is applicable as follows.
18% : Circus, Indian Classical Dance including Folk Dance, Theatre, Drama
28% : Cinema, Movie Festivals, Amusement Parks, Sporting Events like IPL, Casinos
Food Consumption at these events will attract 18% GST.
Effectively, if compared with previous VAT and Entertainment Tax regime, GST amount is lesses. To the end user this should not have any impact.
For various reasons everyone has got GST on their mind, and our cover page is evident of it.
Nov 1, 2017
We rendezvous with one of the foremost creative families in the city to find out what inspires a father and his sons to pursue their distinctive art and design. Mr Amit Ambalal, the patriarch of the renowned Ambalal family, is…
Jun 24, 2016
The street Fernandes Bridge connects readers with writers, students with publishers and curious beings with the age-old answers they’re looking for. The Chopda Bazaar of Fernandes Bridge is one of the oldest Book Markets in Ahmedabad that serves thousands of people…
Dec 5, 2017
Veteran press personality Mrinal Pande discusses why newspapers are destined to perish at the hand of ePapers, lending insight into the challenges faced by today’s media. A person of bold beliefs can be instantly recognised by her speech and expressions.…
Jul 19, 2018
Graduate students of NID, Ahmedabad, have made 14 chairs inspired from India’s states –the boats of Kashmir, the tigers of Kaziranga, the architecture of Rajasthan, and more. ‘Come Sit’ at this exhibition at NID, until July 22. Pravinsinh Solanki with…