Luxury tax PowerPoint Presentation, PPT - DocSlides

Luxury tax PowerPoint Presentation, PPT - DocSlides

2017-05-15 98K 98 0 0

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& . entertainment . tax. Luxury tax in different states. States . Luxuries. Karnataka. Assam. Delhi. Haryana. Hotels. Charge for luxury . 1) between . Rs. . 500 – . Rs. . 1,000: 4%. 2) . Rs. . 1,000 – . ID: 548481

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Presentations text content in Luxury tax

Slide1

Luxury tax

&

entertainment

tax

Slide2

Luxury tax in different states

States LuxuriesKarnatakaAssamDelhiHaryanaHotelsCharge for luxury 1) between Rs. 500 – Rs. 1,000: 4%2) Rs. 1,000 – Rs. 2,000: 8%3) More than Rs. 2,000: 12%Room charge:1)Between Rs. 1000 – Rs. 1999 per day: 5%2)Between Rs. 1999 – Rs. 2999 per day per room: 8%3) Exceeds Rs. 2999: 12%Luxury boat or heritage home - Exceeds Rs. 200 per day: 5%Room tariff:1) Between Rs.750 - Rs.1000: 3% 2) Above Rs. 1000: 10% on per room per night basis(Rate not exceeding 15%)10%-15%Marriage hallsDaily rent exceeding Rs. 5,000: 10%Exceeds Rs. 5000 per day: 8%3%10%-15% for luxuries worth Rs. 20000 or moreClubsClub in a corporation area: Rs. 600 per member per annumClub in other areas: Rs. 300 per member per annum10% on Health clubs3%10%-15% for luxuries worth Rs. 2000 or moreHospitalsRoom rents exceeding Rs. 1000 per day: 8%Room rent:1)Between Rs. 1000 – Rs. 2500: 5%2) Exceeds Rs. 25000: 8%

Slide3

Possible luxury taxation policy

The concept of luxury tax is relatively new and needs to be looked at in a focused manner.

Policy intervention may be looked at by the State of Haryana

Hotels:

Levy a staggered tax on various classes of hotel rooms

Services / amenities which are peripheral in nature may be taxed separately.

The tax rate may be kept in the range of 5

%-15%

instead of 10%-15%

Banquet Hall:

Staggered tax rates, for example, Banquet hall rent:

Between

Rs

. 5,000 –

Rs

. 20,000: 3%,

Between

Rs

. 20,000 –

Rs

. 50,000: 5%

Between

Rs

. 50,000 –

Rs

. 75,000: 8%

Rs

. 75,000 or more: 10%

Tax on consumption of consumables e.g. fuel, electricity etc. beyond a certain limit

Intimation to the government of the event schedule

mandatory

Clubs/Spa/Heath clubs:

Apart from the primary services provided (per the luxury tax Act), other peripheral services may be taxed at 3%

Hospitals:

Levy tax on room rents exceeding

Rs

. 15,000 of 5%

Slide4

Hospitals:

India

is ranked 5

th

in medical tourism industry globally.

Industry

will reach by

Rs

. 36,000 crore by 2018.

Gujarat

and Tamil Nadu promotes medical

tourism.

http

://www.medicaltourismintamilnadu.com

/

Karnataka and Tamil Nadu are accredited in Incredible India for their medical tourism efforts.

Medical / wellness tourism industry of potential in the state of Haryana given the Medical Hub Gurgaon is becoming for the NCR region.

Out of the 20 internationally accredited hospitals, 2 are in Gurgaon

Tourism statistics in the Haryana reports doesn’t include Medical tourism as a concept

Medical and wellness tourism as a concept needs to be developed and brought about in the state via policy intervention

Slide5

Entertainment industry in India

Slide6

Entertainment tax rates in India

S.No

.

State

Entertainment tax on gross movie ticket value

1.

Andhra Pradesh

20% (15%

Telegu

Films)

2.

Assam, Himachal Pradesh,

Jammu & Kashmir, Punjab and Uttaranchal

Nil

3.

Bihar

50%

4.

Delhi

20%

5.

Gujarat

20%

6.

Haryana

30%

7.

Jharkhand

110%(

Nil for Jharkhand films)

8.

Karnataka

30% (Nil

Kannada films)

9.

Kerala

30%

10.

Madhya Pradesh

20%

11.

Maharashtra

45% (Nil for Marathi films)

12.

Orissa

25%

13.

Rajasthan

30% (Nil

Rajashthani

films)

14.

Tamil Nadu

15% (Nil

for Tamil films)

15.

Uttar Pradesh

30-40%

16

West Bengal

30% (2% for Bengali films)

Slide7

Slide8

Slide9

Possible entertainment taxation policy

Movie/Play/Musical/Theatre

Instead

of a blanket 30% tax on the value of tickets, tax may be levied at different rates based on the class of entertainment ticket bought

Government should consider putting Nil tax on Haryanvi

films

Cable operators

There are currently around 1000 cable operators and around 300 Multi Service Operators (MSOs) that provide cable TV services in Haryana to seven million homes.

Taxation may be levied under via one of the following two ways:

A blanket yearly tax per year per operator of

Rs

.

15,000

Rs

.

20

per subscriber per month for household users (to be paid by the cable operator) and

Rs

. 50 per subscriber per month for commercial DTH users (to be paid by the cable operator)

Video on demand

Owing to the development of IT and allied services, ‘second screen’ concept is set to grow.

A need to develop a dedicated policy for the upcoming entertainment channels.


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