Meaning of term local levy under GST

 

What is local levy under GST

 

The details about local levy are explained here. 

local levy

A local property tax passed by voters of a school district that generates tax revenue for local school districts. All money generated by school district levies goes directly to the school district to pay for enhancements to the state funded basic education. By voting for a local levy, voters are voting for an additional property tax in their district.

GST effect: Additional local taxes to make entertainment expensive

Watching movies at multiplexes, or even TV at home is likely to get expensive as states prepare to empower local bodies (municipal corporations, municipalities, panchayats, local and district councils) to impose additional entertainment tax outside the ambit of the goods and services tax (GST). The TV services likely to be charged are cable and direct-to-home (DTH).

States such as Maharashtra, Madhya Pradesh, Gujarat and Rajasthan have already said they will levy an additional entertainment tax on cinema, and cable and DTH services, according to several media industry executives and tax experts. Last week, at the GST Council meeting in Srinagar, many state finance ministers talked about their plans to levy local taxes on movie tickets, the proceeds from which will go towards meeting the revenue needs of these bodies.

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