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National News

Dec 22, 2018

Film industry welcomes decision to reduce GST on cinema tickets

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The Film industry has wholeheartedly welcomed the decision to reduce GST on cinema tickets, exceeding 100 rupees to 18 per cent from 28 per cent and up to 100 to 12 per cent from 18 per cent. 

President of Producerrs Guild of India, Siddharth Roy Kapur has thanked the government on behalf of the Indian film industry and said it’s a progressive step.
AIR correspondent reports that The GST council’s decision to reduce the tax rate of movie tickets have been welcomed by personalities from the Bollywood fraternity. 

The slashing of tax rate comes as a Christmas and new year bonanza not only for the film industry but also for the cinema goers who are planning to visit theatre with their loved ones. 

Prominent among those who have welcomed the Government’s decision to reduce tax rate on movie tickets include veteran actor Anupam Kher who has thanked Prime Minister Narendra Modi adding that it is superb news for the #Indian Film Industry.
Actor Akshay Kumar who recently met the Prime Minister on his visit to the city said the Government has addressed the concern of the film industry. His tweet further read.

A welcome move for the industry and audiences as well. The chairman of the Central Board of Film Certification Mr. Prasoon Joshi said, it’s a significant decision after the fruitful interaction of industry representatives with the PM.
It was reassuring that PM addressed important issues & challenges faced by the industry & took prompt action, it said FICCI too has welcomed the move saying it will help boost the industry and bring back the audience to theaters.

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