27-01-2018 09:00 AM | Lathika Saju | My Indian Dream
High rate of GST led to drop in number of concerts
The GST council has increased the threshold limit for tax exemption on tickets for all theatrical performances from Rs 250 to Rs 500.This means that tickets for music, dance, drama, orchestra and folk performances in any Indian language will only attract GST if they are priced at Rs 500 and above.
This spells good news for the performing arts community which saw a decline in the number of concerts by almost 50 percent due to the 28 percent GST on tickets. Following this, city-based event organisers handed over a letter requesting a waiver of the GST for classical musical concerts signed by Padma awardees like Ustad Zakir Hussain, Pt Shivkumar Sharma and others. It is expected that the revised rates will attract more enthusiasts to the theatre who were earlier deterred by the increased ticket rates.