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, Service Tax

[Admin TMI]

Question - What are new entries proposed in Exemption notification which earlier were part of negative list in Finance Bill 2015 ?

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[Admin TMI]

Service by way of right to admission to,-

(i) exhibition of cinematographic film, circus, dance, or theatrical performances including drama or ballet.

(ii) recognized sporting events.

(iii) concerts, pageants, award functions, musical or sporting event not covered by the above exemption, where the consideration for such admission is upto ₹ 500 per person.

These changes shall be brought into effect from the date the amendments being made in the Negative List, concerning the service by way of admission to entertainment events, come into effect.