Will GST play spoil sport this NYE?

Dec 22, 2017

 New Year revellers in Mysuruwill feel the pinch of GST(Good and Service Tax), as popular party spots are set to charge more on Dec 31 parties. While it was demonetization that had most people grappling last year, this year GST is likely to be a dampener for many, as they will have to shell out more to have a good time.
Party organizers and other stake holders say that it is only during New Year that the party scene comes alive in Mysuru, but the increased costs owing to GST may have an adverse impact on this. Assistant Reservation Manager of a hotel, Ramesh P Gowda, says, “The price for New Year parties have gone up compared to last year. We were paying 12% entertainment tax last year, but this year it is 18% GST, which means we have to charge more than what we used to earlier. To ensure that our patrons remain loyal, we have introduced freebies such as free entry for children up to the age of six years. Hopefully, those looking at ringing in the New Year at a do like ours will take the bait.”

General Manager of another city hotel, Sachin Malhotra says, “Party goers are looking at paying 3.5% more than last year. Apart from GST, there has also been an increase in the price of other commodities, which in turn has escalated the price of tickets. However, considering that it is a once in a year event, we hope that the price doesn’t deter people from venturing out to party.”
City party peeps, meanwhile, are seeing the steep ticket price rise as a blow. “Since the new year is over an extended weekend, it was the perfect time to party and be merry, but given the exorbitant prices many regulars on the party scene are reconsidering their options. We hope that the authorities come up with some plan to provide tax exemption at least for New Year parties,” says an engineering graduate Vikram Hegde.