Allahabad HC to decide entitlement of State entertainment tax incentive under GST regime
Allahabad HC to hear petition on entitlement of State entertainment tax incentive in terms of UP Entertainments and Betting Tax Act (said Act), under the GST regime; As per the Scheme formulated by State Govt. on September 3, 2015 and valid till March 31, 2020, multiplex owners could collect entertainment tax and retain 100% in 1st year, 75% in 2nd & 3rd year, and 50% in 4th & 5th year; However, with implementation of GST w.e.f. July 1, said Act has been rep...