Meaning of Event Management Services
(i)”Event Management” means any service provided in relation to planning, promotion, organizing or presentation of any arts, entertainment, business, sports, [marriage]* or any other event and includes any consultation provided in this regard;
(ii) “Event Manager” means any person who is engaged in providing any service in relation to event management in any manner
Section 22 to 25 specifies the persons who are liable to obtain GST Registration.
Every person who is engaged in supply of goods or rendering of services or both will be liable to be registered under the GST if
Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 10 Lac if person is located at North Eastern area ( Manipur , Arunachal Pradesh , Nagaland , Meghalaya , Assam , Tripura & Mizoram , Sikkim , Jammu & Kashmir , Himachal
Pradesh & Uttarakhand )
GST Rate On Event Management Service GST Rate is 18%
Input tax is a tax imposed on the person when he receives supply of goods & services which are used for his business. Now in case of event management business utilization of Input tax credit for making GST payment is allowed for providing event management services supply.
Download GST Invoice Format
Earliest of following date shall be considered as time of supply.
Below is example for determining date of time of supply under GST
|Particulars||Date of completion of service||Date of Invoice||Date of receipt of payment||Date of entry in BOA of Recipient||Time of supply||Time of Supply|
|Invoice issued within the prescribed period||Jul-05||Jul-20||Aug-11||Jul-27||Jul-20|
|Invoice not issued within the prescribed period||