WebJan 1, 2024 · This will provide relief to the film distributors as currently tax is deducted at the rate of 10% on revenue they earn from sale, distribution or exhibition right of the film. Now, this will attract 2 per cent withholding tax.Apr 28, 2024. mukesh rawat (Querist) Follow. 03 January 2024 Pls suggest tds rate 10% Or 2% on film distribution charges. WebAll HS Codes or HSN Codes for film production with GST Rates HSN Code 3920 Plates, sheets, film, foil and strip, of non-cellular plastics, not reinforced, laminated, supported or …
Media & Entertainment Industry in GST Regime – Articles
WebSep 25, 2024 · GST in Australia is collected by the Supreme Authority as it is a federal tax and after amassing the tax it is further divided among the states without any disputes. … WebMar 20, 2024 · The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the payment to the film distributors by the assessee for the exhibition of the film would not amount to Fee for Technical services … to be evident
Tds on film distribution share [Resolved] Income Tax
WebAug 24, 2024 · The 12% GST rate is currently applicable to a majority of medicines and other pharmaceutical preparations. Some of the key products featuring the 12% GST Rate are as follows*: Glands (including gland extracts) and various organs (including organ extracts) dried or powdered for organo-therapeutic uses. Heparin and various heparin salts. Sale of Movie tickets: Where price of tickets is Rs.100 or less : 18% GST Where price of tickets is more than Rs.100 : 28% GST: Television: No VAT Service Tax @ 15% Entertainment tax on broadcasting services (D2H / Cable TV services) : 8-12%: Television: GST on broadcasting services (D2H / Cable TV services) … See more Time of supply of services is the earliest of the following: 1. Date of issue of invoice 2. Date of receipt of advance/payment. 3. Date of provision of services (if invoice is not issued within … See more Place of Supply of Goods 1. In case of sale of food & food products in a movie hall, the place of supply is the movie hall itself. Place of … See more In case of reverse charge, the time of supply for service receiver is the earliest of the following: 1. Date of payment (For services only) 2. 30 days from date of issue of invoice for goods (60 days for services) See more Impact Since, Entertainment tax is subsumed under GST now, Overall tax burden on consumers is set to reduce where Entertainment tax was higher than GST rate Entertainment tax levied by local bodies leads to … See more to be even meaning