TN film industry seeks clarity on GST

TN film industry seeks clarity on GST

TN film industry seeks clarity on GST

Though all tax officials are trained in the new tax system and are proficient with the GSTN software application, further refresher programmes have been planned.

The Tamil Nadu Film Chamber of Commerce, which announced the theatre shut down, demanded clarification from the state government on how much tax would be levied on theatres.

As per latest update, Theatre owners are not happy with the implementation of Goods and Services Tax (GST) implementation.State body is imposing 30% local body tax.The Goods and Services Tax (GST) has fixed the ticket rates for movies under two categories:18 percent tax on tickets costing less than Rs.100 and 28 percent for tickets priced at Rs.100.

'We have submitted a memorandum on behalf of all bodies in Tamil cinema.

Hotter and more humid for the weekend; Scattered storms possible
Friday's temperatures will top out in the mid to upper 80s, but many locations will make it to near 90 or the low 90s Sunday . Despite these rain chances, we are still expecting a mix of sun and clouds with highs in the lower 90s both days.

Walgreens Ditches Rite Aid Merger, Buys 2200 Stores Instead; Q3 Beats
Rite Aid Corporation ( RAD ) stock price escalated 5.08% to finalize at $3.93 throughout previous buying and selling session. Allianz Asset Management AG increased its position in Rite Aid Corporation by 5,335.7% in the fourth quarter.

British PM strikes deal with Irish party
The cash will go to the Northern Ireland executive if the devolved institutions are restored by the deadline of June 29. The DUP has also agreed to support the May government on legislation regards to Britain's exit from EU.

It won't be feasible for us as it will affect the livelihood of over 10 lakh families associated with the industry', he added. "If entertainment tax is levied by the state on top of GST, theatre owners will end up paying up to 53 percent of the ticket rate as tax", Ramanathan added. "This will make watching movies in theatre halls unaffordable for a vast majority of the people", a senior functionary of the state's cinema theatre owners' federation said. Vishal also said that he has given a collective representation to Centre requesting to put regional cinema in the lowest slab.

According to theatre owner, 'we have not opened online booking due to this uncertainty.

Actor Kamal Haasan said 'I wholeheartedly welcome GST and One India, One Tax. Recalling that the Union Finance Minister conceded to some of the demands of former chief minister Jayalalithaa on GST, Mr. Thambi Durai said the party chose to support it "even though we are not completely for it". This is in addition to the GST rates and on each local body tax, we have to pay an additional 8% GST.

Related news

[an error occurred while processing the directive]