Yes, GST would be applicable.
You can take input tax credit on admissible expenses.
Please explain if GST is applicable for western dance classes studios under a private limited company whose income is over 20 lacs. It was exempted from service tax. What will be the effect of RMS like the company has to pay rent, salary, commission, repairs, electricity, etc. Please explain briefly. Thank you in advance.
Hi,
Services by way of right to admission to, -
(i) circus, dance, or theatrical performance including drama or ballet;
- is exempt.
However, service provided by commercial dance classes will be taxable.
What do you mean by RMS?
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
Hello,
I assume you asked about RCM - the company will have to pay the requisite GST on the expenses done by them in case the service provider has not charged GST in the bill.
The rate of GST will be the rate applicable on that particular service.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP