https://www.taxtmi.com/news?id=74611 GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services. en-us Thu, 03 Sep 2026 11:01:05 +0530 Thu, 03 Sep 2026 11:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74611 GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services. News - Thu, 03 Sep 2026 11:01:05 +0530 https://www.taxtmi.com/news?id=74611