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Entertainment Tax Interview Questions & Answers - Learning Mode
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Entertainment Tax Interview Questions & Answers - Learning Mode

Entertainment Tax is a tax imposed by the government on feature films getting a wide release in India and are reduced from gross collections,major commercial shows and big private festivals. The amount after deducting entertainment tax is known as net. Tax is also applicable on Entertainment; this tax is imposed by state government on every financial transaction that is related to entertainment such as movie tickets, major commercial shows exhibition, broadcasting service, DTH service and cable service.

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Entertainment Tax Interview Questions & Answers - Learning Mode
Try Entertainment Tax Interview Questions & Answers - Exam Mode
Question: How Entertainment Tax started in India?

Answer: In the pre-independence era, the British government levied huge taxes on events centered on entertainment or amusement. The basic idea was that there could be a public rebellion at such events as they saw huge gathering of Indians in a politically sensitive and critical time. These laws are still in effect in some states and are yet to be repealed or revised. Source: CoolInterview.com
Question: What is the Rate of Entertainment Tax in various states?

Answer: The entertainment industry in India is facing the challenge of double taxation on such transactions.[2] No State Entertainment Tax Applicable on Gross Tkt Value.

1.Andhra Pradesh - 20% (15% for Telugu Films)
2.Assam, Himachal Pradesh, Jammu & Kashmir,Rajasthan, Punjab and Uttaranchal (Nil)
3.Bihar - 50.00%
4.Delhi- 20.00%
5.Gujarat -20.00% (Nil for Gujrati Films)
6.Haryana -30.00%
7.Jharkhand -110% (Nil for Jharkhand Films)
8.Karnataka Source: CoolInterview.com
Question: What are the main forms of Entertainment which come under the preview of Entertainment Tax?

Answer: In India, entertainment tax is levied on every financial transaction that is related to entertainment such as movie tickets, major commercial shows and big private festivals. As per the Indian Constitution, entertainment is included in List 2.

This revenue is reserved primarily for the state governments.

Following are some other forms of entertainment that are included in the purview of entertainment taxes:-

Amusement parks
Video games
Arcades
Exhibi Source: CoolInterview.com
Question: Who are the Collecting Authorities of Entertainment Tax in India?

Answer: In India, state governments are primarily responsible for collecting the entertainment taxes. However, the union government can also collect these taxes on the basis of the type of transaction.

The basic financial principle, which separates the entertainment taxes to be collected by the union government and ones under the jurisdiction of the state government, is mentioned in the Article 246 of the Indian constitution. This part also highlights the entertainment taxes that can be collected Source: CoolInterview.com
Question: What is Entertainment Tax?

Answer: Entertainment Tax is a tax imposed by the government on feature films getting a wide release in India and are reduced from gross collections,major commercial shows and big private festivals. The amount after deducting entertainment tax is known as nett. Source: CoolInterview.com

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