GST tax for films announced

ponymo

@ponymo

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+ 4

Posted: 8 years ago

Indicine.com @indicine

Movies to be taxed at 28% #GST

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Frequent Posters

998331

Suspended

Posted: 8 years ago

Log theaters mein jaate nahin aur uske upar aur tax.

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YourDream

@YourDream

Navigator

+ 2

Posted: 8 years ago

now this is way too much...regional films will get affected for sure...

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FabAahana

@FabAahana

Voyager

Posted: 8 years ago

Good, now the tickets will be cheaper. The Entertainment Tax are very high in some of the states.

Hope more people will now come to watch movies in theater now. But regional films who were enjoying exemption will get affected.

Edited by FabAahana - 8 years ago

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448368

Suspended

Posted: 8 years ago

So, one single tax will be applicable for whole country, good.

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Rohit

@Anachronist

Trailblazer

Posted: 8 years ago

current entertainment tax in various states

The entertainment industry in India is facing the challenge of double taxation on such transactions.^[2] No State Entertainment Tax Applicable on Gross Tkt Value .

1.Andhra Pradesh - 20% (15% for Telugu Films)
2.Assam, Himachal Pradesh, Jammu & Kashmir,Rajasthan, Punjab and Uttaranchal (Nil)
3.Bihar - 50.00%
4.Delhi- 20.00%
5.Gujarat -20.00% (Nil for Gujrati Films)
6.Haryana -30.00%
7.Jharkhand -110% (Nil for Jharkhand Films)
8.Karnataka -30% (Nil for Kannada Films)
9.Kerala- 30.00%
10.Madhya Pradesh -20.00%
11.Maharashtra -45% (Nil for Marathi Films)
12.Orissa -25.00%
13.Tamil Nadu -15% (Nil for Tamil Films)
14.Uttar Pradesh -30% to 40%
15.West Bengal- 30% (2% for Bengali Films)

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MaxMayfield

@MaxMayfield

Trailblazer

+ 4

Fashionista Circle

Posted: 8 years ago

Entertainment tax is 40% in Maharashtra. The replacing GST tax rate is a blessing in disguise for all Maharashtra residents!

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Rohit

@Anachronist

Trailblazer

Posted: 8 years ago

Originally posted by: -FreeLancer-
Entertainment tax is 40% in Maharashtra. The replacing GST tax rate is a blessing in disguise for all Maharashtra residents!

blessing for almost all states 😆

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TheRager

@TheRager

Achiever

+ 4

Posted: 8 years ago

The state governments are expected to continue to give benefits to regional films.

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MaxMayfield

@MaxMayfield

Trailblazer

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Fashionista Circle

Posted: 8 years ago

#10

Originally posted by: Anachronist

blessing for almost all states 😆

Yup, also the embedded credit benefits (ie excise that the production houses pay today for purchasing all kinds of tools/ equipments is not creditable today).

but will be creditable on GST scenario. So their overall cost of making a movie comes down to that level.