(TOI Photo)Vinay Mruthyunjaya, a chartered accountant, told TOI: "It's interesting that tickets priced over Rs 250 attract tax from July 1. For instance, Karna taka had long waived 10% entertainment tax for cricket matches and levied it only on IPL-like events. This matter ought to be re-looked by the finance minister or the GST Council," he said.Sponsorships attract 18% tax. Some states like Maharashtra (45%) levied hefty entertainment tax, others states had none. In Karnataka's case, the service tax (15%) and entertainment tax (10%) components came to around 25%.

Source: Times of India June 30, 2017 02:54 UTC