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TN LOCAL AUTHORITY ENTERTAINMENT TAX ACT 2017 After GST came into force on July 1, it subsumed the state government-levied entertainment tax on cinema tickets, which was 20% on average, across the nation. GST is levied at 28% for movie tickets priced above Rs 100, while the GST rate on tickets below Rs 100 is 18%. Through a Constitutional amendment, local bodies are permitted to levy entertainment tax. Soon after GST came into effect, governments in Rajasthan, Gujarat, Maharashtra, Tamil Nadu and Kerala passed legislation authorising their local bodies to begin levying local body entertainment tax. However, so far, only Chennai has actually levied it. The local body entertainment tax in Chennai is being levied at 8% for Tamil movies, 15% on non-Tamil Indian movies and 20% on English movies. For multiplex majors such as INOX Leisure Ltd and PVR Cinemas, whose theatres are shut in Chennai, Hindi and English films constitute a major part of the market. The entertainment tax on these...

MEANING AND DEFINITION OF SUPPLY Under  Goods and Services Tax , supply means the point of taxation or taxable event. The term supply includes the following attributes [1] : You should make a supply that either involves goods or services. If you supply anything that is not categorized as goods or services, it is not considered a supply In case you undertake any Barters or Exchanges, then GST is applicable even on such transactions. The term “Supply” also includes licences, leases, rentals with or without transfer of right to use. Therefore, GST is levied on such transactions as well. You should supply goods or services for a consideration. Consideration can be in the form of money or otherwise.   In case, a third party pays money in lieu of or on behalf of the recipient, the same shall be considered a part of supply.   Under GST, if you make any deposit as a recipient is not regarded as consideration. Unless the same is specifically applied to by the supplier. You shoul...