TaxTMI 
TaxTMI 
Question - What are new entries proposed in Exemption notification which earlier were part of negative list in Finance Bill 2015 ?
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
01 Mar 2015 
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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. (AI Summary)
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. (AI Summary)