Hyderabad, June 21 (Munsif News) : The Chairman of the ASSOCHAM National Council on Media and Entertainment K.V. Rao has suggested for removing the additional Local Taxes on Cinema Tickets,
keeping in view that already the government has imposed highest tax rate of 28 per cent Goods and Services Tax on movie tickets and 18 per cent is levied where the price of tickets is less than Rs. 100. which is already increasing the burden on end users. This was revealed by Rao at the press conference held at Sarada studio today.
Others who participating in the discussion on the impact of GST on Indian cinema, Anita Rastogi, Partner Indirect Taxes said whether commercial or art, regular or short, every piece of cinema goes through the process of making it, and the whole value chain involved in its production, needs to ensure that GST transaction is rightfully complied with at each level.
Frank D’Souza, Partner and Leader Entertainment and Media said, the inherent potential for growth of Indian Entertainment and Media Sector said that the taxes should be investor friendly and sector specific tax friendly politiceis. (Munsif News)