Currently, a post is in the headlines claiming that a sum of Rs 96,000 must be furnished as GST when the marriage budget would Rs 5 lakh. Below is the claim incurred in the post.
Claim: Rs 96,000 ought to be paid as GST (goods and services tax), the marriage budget exceeds Rs 5 lakh.
GST on Marriages in India
There is no rule or law or act that imposes a GST on marriage in India, despite expenses standing equal to or more than Rs 5 lakh. But GST will be incurred for the goods and services for conducting the wedding ceremony. Thus the claim incurred in the post would be deceptive but the people of India are concerning GST’s impact on their businesses related to the wedding ceremony.
GST Rate on Goods and Services Used in Wedding
| Goods and Service Description | HSN Code | Rate of GST |
|---|---|---|
| Banquet halls and other related services | 9963,9971, 9985,9966 | 12% – 28% |
| Venue Decoration | 9954,9963 | 18% |
| Wedding invitation printing and postal services | 9968,4909 | 18% |
| Photography/videography, cultural activities | 9983,9996 | 18% |
| Other services | 9997 | 18% |
As the budget, item choices, and decoration of marriages would distinct hence the same would be able to calculate the GST load in the basic terms. In parliament, various bills have been made to stop the extra spending and wastage of food at Indian weddings. But the food gets wasted as seen most of the time. You could read much more about it here.
Read Also: Tax Liabilities on Marriage Gift & for Divorced Couples
Lastly, even if the expenses stand at Rs 5 lakhs then there shall be no GST levied on weddings. GST would exclusively be applied to the Goods or services used to function in the wedding ceremony.
