GST Effect on Your Entertainment Budget

Your Monthly budget for Entertainment is going to get costly once GST comes into effect from July 1st. A tax rate of 18% for cinema tickets costing Rs 100 or less. For the tickets costing Rs 100 or more, the rate is fixed at 28%. Watching films in multiplexes will become costly in AP and Nizam.

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Prices of Direct-To-Home (DTH) and cable services will come down. Currently, these services attract an entertainment tax in states in the range of 10-30% besides the service tax levy of 15%. GST will cost 18% to these services. Amusement Parks will become costs as they are in 28% Slab while the service tax is currently 15%.

Dining at restaurants in five-star hotels will be charged 18% tax. Non-AC restaurants will be charged 12% while AC restaurants will levy 18% tax. A 5% GST will be levied on small hotels and restaurants and dhabas with an annual turnover of up to 50 lakh.

Sporting events like IPL will be charged at 28% while they now are charged at 20%. Indian classical dance including folk dance and drama will be 18%, which would be lower than the current tax rate. So, it is going to be a mixed effect on your entertainment budget.