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Lower tax incidence on entertainment services under GST

Lower tax incidence on entertainment services under GST

May 23, 2017, at 09:29 pm

New Delhi, Mar 23 (IBNS): The Union Ministry of Finance announced on Tuesday that taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality.