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Entertainment Tax return
1. How do I file a return under the ETax Act?
The Etax Return ahs to eb filed in the following formats.Form-V is the Register of Tickets sold, form- VI is the weekly returns. The Tax period is one week. Friday to Thursday should be treated as a week. Dealer should file weekly return in form –VI by every Monday. For cable operators form-V (A) is the register of cable TV subscribers, Form- VI(A) is the monthly return. Entertainment tax to be paid either through cheques or DDs or Online Payments.
2. What are the rates of Entertainment Tax?
In cinema Theatres there are three types of rates
(a) Low budget -7% (Less then 35 Prints)
(b) High Budget -15% (More then 35 Prints)
(c) Normal Rate - 20% (which are released out of the State)
(d) Other Entertainments -20% (Amusements Parks recreation clubs Magic shows and musical consorts)