An array of services such as laser photography, Jewellery photography, clothes photography, wedding video recording, pre-wedding video shooting, aerial photography, fluorescent photography. etc come under the category of Videography and Photography service and fall under Goods and Services Tax (GST) purview. This is a complete guide to know about the GST Rate on Photography and Videography Services. Let’s dive right in.
- GST Rate on Photography & Videography Services
- Eligibility of Photography & Videography Services for GST Registration
- SAC Code For Photography & Videography Services
- GST Return for Photography & Videography Services
- Time of supply for Videography & Photography Services
- GST ITC For Photography & Videography Services
GST Rate on Photography & Videography Services
GST @ 18% is applicable on the Photography & Videography Services. Services are as follows:
- Portrait photography services
- Advertising & related photography services
- Event photography & event videography services
- Speciality photography services
- Restoration & retouching services of photography
- Photographic & video graphics processing services
- Other Photography & Videography and their processing services n.e.c.
If the rate for a service is not explicitly specified by the GST Council then the default rate of 18% GST applies to these services.
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Eligibility of Photography & Videography Services for GST Registration
Section 22 to 25 of the GST Act specifies the threshold limit of goods & services to be surpassed and other requirements that make an individual eligible for the registration under GST.
As per these sections, a supplier of Photography & Videography services is eligible to be registered under the GST if he duly meets the following conditions:
- Turnover > 20 Lakhs
When the aggregate turnover of taxable supply of goods or services in a fiscal year is more than Rs. 20 Lakhs.
- Turnover > 10 Lakhs
When the aggregate turnover of taxable supply of goods or services in a fiscal year is more than Rs. 10 Lakhs, provided the supplier resides at North Eastern area – Arunachal Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Nagaland, Sikkim, Jammu & Kashmir, Tripura & Mizoram and Uttarakhand.
Note: Voluntary GST registration can be obtained by a service provider (if needed)
SAC Code For Photography & Videography Services
SAC Code under GST for Photography & Videography and their processing Services is a 6 digital numerical code. First two digits i.e. 99 of the code are alike for all the Photography & Videography services, whereas the next two and last two digits of the SAC code signify as major service and nature of the service, respectively.
SAC Code For Photography & Videography Services is as follows:
- SAC Code 998381 – Portrait photography services
- SAC Code 998382 – Advertising and associated photography services
- SAC Code 998383 – Event photography and videography services
- SAC Code 998384 – Specialty photography services
- SAC Code 998385 – Restoration and retouching photography services
- SAC Code 998386 – Photographic & video graphics processing services
- SAC Code 998387 – Other Photography & Videography and their processing services
GST Return for Photography & Videography Services
Following GST Return has to be filed by Photography & Videography Services Providers:
- Monthly Return GSTR 3 B to be filed by the 20th of the subsequent month.
- Monthly/ Quarterly (based on turnover) GSTR-1 to be filed all GST registered supplier.
- Annual GST returns to be filed by all GST registered supplier on or before the due date of 31st December.
Time of supply for Videography & Photography Services
GST on Photography & Videography Services becomes payable at the time of supply of such services. Time of supply for Videography & Photography Services is:
- As soon as the invoice is issued
- When an invoice is not issued within 30 days from the date of supply of service
- Date when the services are received in recipient’s books of account
whichever is earlier.
GST ITC For Photography & Videography Services
An income tax credit of GST on Photography & Videography Services can be claimed by a registered taxpayer on inward supplies if he holds valid invoice and the supplier has duly deposited the taxes to the government.
Also Read: GST Rate on Event Management Services
Eligibility to claim ITC
A recipient of goods and services become eligible to claim ITC only if he duly meets all the following conditions:
- He has valid tax invoice or Debit Note or Bill of Entry.
- He has received Goods or Services.
- His supplier has paid the taxes to the government.
- GSTR is filed.
Note: ITC claimed by a recipient gets reversed if he fails to pay the amount for the goods or services supplied to him along with tax payable on that amount within a time-frame of 180 days.