Hyderabad: It is to inform that the entertainment events are to be conducted on 31-12-2017 on the eve of New Year 2018 which attracts tax under the provisions of the GST Act. Therefore it is intimated to all the New Year Event organisers that they need to be registered under the TGST / CGST Acts as Casual Taxable Persons under Section 25(1) of the TGST/CGST Acts, if they are not already registered under the said Acts and required to pay advance tax @ 28 percent based on the estimated turnover before the commencement of the event.
That, Any of the non-compliance in this regard will be viewed seriously and Apart from the Goods and Services Tax (GST) tax due @ 28 percent, if wilful penalty equal to tax 100 percent will be imposed on the violators. For any further information, all the new year event organisers asked to approach concerned circle officials or Special Commissioner (Enforcement Wing), O/o Commissioner (State Tax), Nampally, Hyderabad.
It is an earnest appeal to all organisers and the people participating in these events to enjoy the New Year celebrations after paying the taxes due to the Government.