GST on Event Management Services

GST On Event Management

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

Applicability of Registration Under GST for Event Management Services

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. 20 Lac or
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 )

Apply Online GST Registration

GST Rate on Event Management Service

GST Rate On Event Management Service GST Rate is 18%

Full Input Tax Credit Allowed

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.

GST Return filing for Event Management Services

GST registration holder would have to file GSTR-1 (details of outward supplies) on the 10th of each month.
GSTR-2 (details of inward supplies) on the 15th of each month and GSTR-3 (monthly return) on the 20th of each month.
Compounding taxpayers would be required to file GSTR-4 every quarter, on 18th of the month next to the quarter.
Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December.

File online GST Returns

Download GST Invoice Format

When GST become Payable for Event Management Service Provider ?

Earliest of following date shall be considered as time of supply.

When invoice is issued
When invoice is not issued in 30 days from date of supply of service
Date of receipt of services in books of account of service recipient

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
a	Invoice issued within the prescribed period	Jul-05	Jul-20	Aug-11	Jul-27	Jul-20
b	Invoice issued within the prescribed period	Jul-05	Jul-28	Jul-25	Jul-27	Jul-25
c	Invoice not issued within the prescribed period	Jul-01	Aug-05	Jul-22	Jul-23	Jul-01
d	Invoice not issued within the prescribed period	Jul-01	Aug-04	Jun-30	Jul-22	Jun-30

GST on Event Management Services