New entries being incorporated in notification No. 25/12-ST, to continue exemption to some of the services that are presently covered by the Negative List entries which are being omitted

[Admin TMI]

Question - What are new entries proposed in Exemption notification which earlier were part of negative list in Finance Bill 2015 ?

[Admin TMI]

Service by way of right to admission to,-

(i) exhibition of cinematographic film, circus, dance, or theatrical performances including drama or ballet.

(ii) recognized sporting events.

(iii) concerts, pageants, award functions, musical or sporting event not covered by the above exemption, where the consideration for such admission is upto ₹ 500 per person.

These changes shall be brought into effect from the date the amendments being made in the Negative List, concerning the service by way of admission to entertainment events, come into effect.

AI Summary

Exemption for admission to entertainment events extended to performances, subject to an admission price cap and effective upon negative list amendment. Proposed entries in exemption notification No. 25/12 ST preserve exemption for services by way of right to admission to exhibitions of cinematographic films, circus, dance and theatrical performances, and to recognized sporting events; they also exempt admission to concerts, pageants, award functions and other musical or sporting events not otherwise covered, subject to an admission price cap, with effectiveness linked to the commencement of the related Negative List amendment.