Want to pay lower GST? Don’t buy popcorn with movie ticket
“When bought together, it is treated as a composite supply and the principal supply there is watching the movie, or giving access to the cinema hall, which is chargeable at 18% tax. Food happens to be incidental, and billing is done in a consolidated way. But if you just buy the cinema ticket for entry, and purchase food subsequently, it will not be billed with the ticket, andyou will pay 5%,” Central Board of Indirect Taxes and Customs chairman Vivek Johri told TOI.
from Personal Finance News-Wealth-Economic Times https://ift.tt/zpMuCQw
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from Personal Finance News-Wealth-Economic Times https://ift.tt/zpMuCQw
via IFTTT
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