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Goods and Services Tax : Further to the First Discussion Paper released by the Empowered Committee of State Finance Ministers on 10 November 2009, the Fina...
Goods and Services Tax : Maharashtra government is expecting an entertainment tax of Rs 15 crore from the 16 Indian Premier League (IPL) matches to be held...
Goods and Services Tax : Tickets for entertainment programmes and cricket matches would be costlier in rural areas of Maharashtra as the state government t...
Finance : The Bombay High Court, on Tuesday, refused to direct the state government to recover entertainment tax on Indian Premier League ma...
Goods and Services Tax : One thing is sure. Indian government is very creative and full of ideas when it comes to imposition of new taxes on common man. Wh...
Goods and Services Tax : Cricket won’t get any more free hits in Maharashtra. Rapped by the Bombay high court and the Comptroller & Auditor General (CAG)...
Goods and Services Tax : AGS Cinemas Pvt. Ltd Vs Commercial Tax Officer (Madras High Court) Hon;b;e High Court held that ‘online booking charges̵...
Goods and Services Tax : Mayajaal Entertainment Limited Vs Commercial Tax Officer (Madras High Court) The present Appeals are squarely covered by the decis...
Goods and Services Tax : PVR Ltd. Vs Commercial Tax Officer (Madras High Court) Conclusion: Online booking charges or internet handling charges was not a...
Finance : The issue under consideration is whether the Entertainment Tax will be levied on Master System Cable Operator?...
Corporate Law : State of Maharashtra & Ors. Vs PAN India Paryatan Limited & Anr. (Supreme Court) Once an admission ticket is granted, it i...
The commercial taxes department has conducted 298 raids from April to November this year. These statistics were placed before the House by chief minister Digambar Kamat, who holds the finance portfolio, during Question Hour on Thursday. The additional tax collected from these raids are: Value Added Tax (VAT) from hotels -Rs 27.16 lakh; VAT from others-Rs 141.33 lakh; luxury tax from hotels-Rs 51.31 lakh, and entertainment tax from casinos – Rs 2.83 crore.
“Entertainment industry is anticipated to grow at a rate of nearly 10 per cent for the next five years and would reach a level of Rs 1,000 billion…(however) uneven entertainment tax which is already in excess would curb its growth,” the industry body said. While entertainment is one of the basic needs of life, the entertainment tax levied on release of films in cinema halls is highly uneven across various states and is in excess of 30-40 per cent, the chamber said.
