New Delhi, January 29, 2021: COVID-19 has had a massive impact on the Amusement Parks business with no revenue for more than eight months at a stretch. Considering the initial investments and gestation period the GST for the Amusement parks should be reduced to 12%, from the existing 18%. Amusement parks cater to all customer segments and the share from B2B customers is less compared to walk-ins. It would be good to exempt Amusement Parks from e-invoicing and treat us at par with the cinema halls. Amusement Parks should also be exempted from any state-level tax burden like local body tax (LBT). In addition to GST a few states also levy an additional 10% LBT. This will have an overall impact on the viability of the Amusement Park business. I look forward to some of these being addressed in the upcoming budget.
Corporate Comm India (CCI Newswire)
