GST: Mandatory E-ticketing for multiplexes to Curb Black Money

GST: Mandatory E-ticketing for multiplexes to Curb Black Money

The 35^th GST Council Meeting was held here today under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after the swearing in of the new Government. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Revenue Secretary Shri Ajay Bhushan Pandey and other senior officials of the Ministry of Finance. The meeting took place in a cordial and professional manner.

At the start of the meeting, the Council passed a resolution acknowledging the stellar role played by Shri Arun Jaitley, the former Chairperson of GST Council and expressed its gratitude and appreciation for the exemplary contribution made by him in making the GST Council a shining example of co-operative federalism that it has become today. The Council also thanked the outgoing Members and welcomed the new Members of the Council. It also expressed its deepest condolences at the untimely demise of Shri Prakash Pant, the former Finance Minister of Uttarakhand. 

The government in 35^th GST council meeting held on 21 June 2019 made electronic ticketing system mandatory for multiplexes to check possible goods and services tax evasion, bringing down the curtain on the coloured tickets that a few cine complexes were still using. All registered multiplex shall required to issue electronically generated ticket invoices and that invoices shall be deemed to be a tax invoice.

With this decision of GST council the multiplexes also have became test case for electronically generated invoices for B2B(business to business) transaction, that was only required for business to business transaction only. This proposed e-invoicing system is possibly beginning of a mandatory invoicing for B2C (business to customer) transaction. This may be extended in future for other B2C transaction .

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