Enable Javscript for better performance
Film industry rejoices as Government slashes GST rate on movie tickets- Cinema express

Film industry rejoices as Government slashes GST rate on movie tickets 

GST rates on movie tickets above and below Rs. 100 have been brought down to 18% and 12% respectively 

   |   
Published: 23rd December 2018

The Goods and Service Tax (GST) Council on Saturday brought down the GST rate on cinema tickets below Rs 100 from 18 per cent to 12 per cent. Tickets above Rs 100 will be levied an 18 per cent GST rate instead of the earlier 28 per cent. Prime Minister Narendra Modi had earlier announced that the government is aiming to bring 99 per cent of items below the 18 per cent GST slab. 

Welcoming the tax reduction, Siddharth Roy Kapur, President of Producers Guild of India, said, “On behalf of the Indian film industry, I would like to thank the government for taking this progressive step. This will help the industry move forward positively with increased investments in both exhibition infrastructure and creative development, enabling even better cinema and greater screen density across the country.”

Earlier this week, Kapur along with 17 other delegates from the Hindi film industry — including Karan Johar, Akshay Kumar, Ajay Devgn, and CBFC chief Prasoon Joshi — had met Narendra Modi to discuss the future of the movie business.

Thanking the Prime Minister for slashing the GST rates on movie tickets, Dharma Productions owner Karan Johar shared on social media:

Bollywood actor Aamir Khan also took to social media to express gratitude towards this move:

Actor Vishnu Vishal, whose Silukkuvarpati Singam was released this Friday, also lauded the government's decision:

PV Sunil, MD Carnival Cinemas, said, "We are thankful to the Govt for rationalising the GST rates. We will pass on the benefits to the patrons which can bring in more footfalls. Overall it’s a great achievement as we have been putting in offers to achieve this since the time of introduction of GST."

The GST council, headed by Finance Minister Arun Jaitley, also agreed to bring down tax rates on video game consoles, air travel of pilgrims, power banks, lithium-ion batteries and digital and video cameras.

Related Articles

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Poll
TimeTravelFilmsinTamil

Which is your favourite time travel film in Tamil?

Result
Dikkiloona
24
Indru Netru Naalai
Trending