Twitter
Advertisement

GST for marriages, tying the knot gets dearer

Tax experts suggest that a marriage estimated at Rs20 lakh will cost at Rs22-23 lakh with GST impact spoiling the budget of the families planning wedding.

Latest News
GST for marriages, tying the knot gets dearer
FacebookTwitterWhatsappLinkedin

TRENDING NOW

Planning a wedding by an agency will be a costly affair in the coming marriage season starting from November, thanks to the implementation of GST.

“The wedding season starting from November will be the first under GST regime. Under the new tax regime, the service tax has been increased from 15 to 18 percent that will affect the budget of the families planning wedding. This hike is payable by the wedding planners who are likely to raise their charges as the sub letting agencies do have to pay the taxes under GST,” said Ravi Jindal, state president of Rajasthan Tent Dealers committee, telling about the impact of GST.

Tax experts suggest that a marriage estimated at Rs20 lakh will cost at Rs22-23 lakh with GST impact spoiling the budget of the families planning wedding. A sharp 10 percent jump in the budget is much likely. It is opined by the experts that instead of planning a wedding the families manage the affairs self which could bring their budget under the ceiling.

“Undoubtedly hiring a planner for the wedding will be a costly affair under the GST. So, the customers are advised to self manage the affairs to avoid taxation. They do have to deal directly with the sublets and in this, they could save taxes avoiding billing. This can bring down their expenditures,” said Vijay Garg, CA and financial consultant.

Jindal explained that GST has brought creases on the foreheads of the small planners working at the town and semi town level too. “Most of the planners at town level are having turnover below Rs20 lakh and hence they did not enroll for the new tax regime. As per the norm, the traders not registered with the GST will not be under government works of planning . Hence, they will get no work orders from government that will impact their business.”

 

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement