GST Rate on Amusement Parks, Ballet Get Massive Cut

GST Rate on Amusement Parks, Ballet Get Massive Cut

This Wednesday, the finance ministry announced that the rate of Goods and Service Tax on amusement parks, including water parks, theme parks, and merry-go-round, ballet, etc. have been reduced to 18% from 28% earlier.

The FinMin also said that the exemption threshold for admission tickets to theatrical performances, concerts, dance events, etc. has also been doubled to Rs. 500 to promote such cultural events across the country.