In a relief for the common man, the government on Saturday decided to cut GST rate on movie tickets. Serving entertainment to the citizens without burning a hole in their pocket, GST on cinema tickets costing up to Rs 100 has been brought down to 12% from 18%, while tickets costing more than Rs 100 will now attract a GST of 18% from earlier 28%. This decision has been welcomed by the entire film fraternity.
Film and Television Producers Guild of India President Siddharth Roy Kapur has thanked the government for reducing the GST on film tickets.
“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. We look forward to continuing to engage with the government on initiatives that will help to unleash the full potential of the film industry. Cinema can be a significant instrument of Indian soft power around the world, while continuing to act as a uniting force for all Indians - a role it has played for more than a century†said Kapur.
Kapur, in 2017, had expressed grief over GST implementation by terming it as a strain on the overall economics of film-making and also discouraging the public's cinema-going habit.
“Because of the tax of 28 percent on cinema tickets above Rs 100, which comprises the bulk of the cinema tickets sold in the country, the cinema-going habit is being discouraged. This really does put a massive strain on the economics of film-making," Kapur told IANS in an interview.
Along with Siddharth Roy Kapur, Bollywood celebrities like Akshay Kumar, Anupam Kher, Ajay Devgn, Karan Johar, film trade analyst, Taran Adarsh has also expressed their gratitude to the government for addressing their issues. Take a look at the tweets:
AÂ delegation of Bollywood producers and actors on Tuesday called on Prime Minister Narendra Modi, who is on a one-day visit to Maharashtra, at Raj Bhavan here to discuss the issues being faced by the Indian film industry.
Producers Ritesh Sidhwani, Karan Johar, Sidharth Roy Kapur, the president of the Film Producers Guild, Rakesh Roshan, Ronnie Screwwala, Prasoon Joshi, the chairman of the Central Board of Film Certification (CBFC) were part of the delegation.
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