Entertainment Industry under GST

Entertainment Industry under GST

After the introduction of GST, various industries are affected due to it. Let discuss the situation of Entertainment Industry under GST.

Entertainment Industry Sectors (Introduction)

Entertainment Industry is very wide and inclusive term it encompasses as well as covers several business sectors such as: –

• Motion Pictures and Televisions Industry
• Cine Actors and Cine Actresses
• Content & Script Writing Industry
• Broadcasting & Telecasting Industry
• Talent and Celebrity Management Industry
• Music & Music Celebrity Industry
• Internet and Digital Media Industry
• Media & Publishing Industry
• Intellectual Property Industry
• Event Management Industry
• Theme and Amusement Industry
• Brand Endorsements and Public Relations Industry
• Logistics Industry
• Merchandising Industry
• Business Support Services Industry
• Any other activities which are ancillary and incidental to any of the above activities.

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All the above-listed industries are illustrative only but not comprehensive in itself because of the business activities connected or interlinked with them are changing continuously viz. what is considered latest and new today may become obsolete next day with technology development happening today and they are integrated & interlinked with each other very closely or they can act as independent profit/cost centers for any enterprises. Looking at the current trend big players in all above sectors are trying to achieve backward as well as forward integration using the options of Merger and Acquisition in Entertainment Industry so that all streamlines of services are available under one roof.

An attempt has made hereby to discuss some apparent issues faced by the Entertainment Industry concurrently and such issues to be addressed by probable solutions as per our understanding to reach finality of ease of doing business in India in respect of above industry which is as under: –

• Registration Issues
• Statutory Permission Issues & permission to Levy of Local Body Tax in case of Entertainment and Amusements Industry
• Compliance Issues
• Admissibility of Input Tax Credits (ITC)
• Piracy Issues
• Infringement of Intellectual Property Laws
• Sword of Penal Laws & nascent stage of technology laws
• Synchronization with other business laws

While deliberating and discussing the issues and probable solutions considerate care has been taken to discuss the issues holistically without using any technical jargons or section wherever possible a lot of people using this booklet may not be familiar with technical terms of the law.