SC reverses HC, grants
exemption from ‘entertainment tax’ on gate receipts from live musical
concert/program under Gujarat Entertainment Tax Act, 1977 (Act); Notes that
Section 3A was brought in year 1998 whereby Schedule III specified list of
entertainments outside ambit of charging Section 3 and first item of said
Schedule read as, “All kinds of musical programmes including musical nights and
opera”; Perusing speech of Finance Minister which led to incorporation of
Section 3A, elucidates that, “all kinds of musical programmes, without any
qualification, have been sought to be taken out of the purview of the charging
section”; Consequently, HC’s denial of exemption to assessee on the ground that
musical concert organized was not for purposes of promotion of educational,
cultural or charitable purposes activities as required u/s 29 but for
commercial purposes, is untenable when form of entertainment is included in
Schedule III; Remarks that, “If a form of entertainment is not taxable under
Section 3A of the Act we do not see how the requirement of exemption and
necessity to conform to the requirement of exemption can apply to a non-taxable
form of entertainment” : SC
Subscribe to:
Post Comments (Atom)
Identifying a Drafting Error in GST Amnesty Provisions
Provision Regarding Amnesty Scheme Section 128A was introduced into the Central Goods and Services Tax (CGST) Act by the Finance Act, 2024,...
-
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 15CA an...
-
1. Situation I. Tax Department Summons An employee received a summons from the tax department demanding an explanation for failing to discl...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Many of us rely on home loans to purchase residential property, but are you fully aware of how tax laws impact your financial strategy? Unde...
-
Summary of the relevant updates is provided below for ease of your reference: A) Proposals relating to GST law, Compliances an...
-
Particulars Singapore Hong Kong Corporate Tax rate 17% 16.5%. Numb...
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
No comments:
Post a Comment