Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English

Lok Sabha Elections 2019Exit Poll Results

All India Figures

Assembly Elections 2019 Exit Poll Results

»
1-min read

Reduction in Ticket Prices to Aid Cinema Industry Growth, Says MAI

The government on Saturday brought down the GST rates on cinema tickets costing up to Rs 100 to 12% from the existing 18%, while tickets above 100 would attract 18% GST against 28% earlier.

PTI

Updated:December 22, 2018, 7:06 PM IST
facebookTwittergoogleskypewhatsapp
Reduction in Ticket Prices to Aid Cinema Industry Growth, Says MAI
Cinema-goers wait to collect their tickets at a multiplex (Representative image/Reuters)
Loading...
New Delhi The government's decision to reduce the GST rate on cinema tickets would make movie viewing more affordable, increase footfall and aid the growth of the industry, the Multiplex Association of India (MAI) said Saturday.

The government on Saturday brought down the GST rates on cinema tickets costing up to Rs 100 to 12% from the existing 18%, while tickets above 100 would attract 18% GST against 28% earlier.

"This move would help in reduction in prices and make the cinema viewing much more affordable," Multiplex Association of India President
Deepak Asher told PTI.

"Lower ticket prices would attract more people to cinemas, which means more footfalls and our occupancy level would go up."

Asher, who is also Director of Inox Leisure, said that it would also improve the viability of the cinema exhibition industry and attract
"more investments in the sector".

Moreover, collection would also increase and which means more pay back to distributors and content creators, he added.

"Overall the industry will see a significant growth - both quantitatively and qualitatively, going forward because of this reduction.

He demanded that the GST slab for tickets above Rs 100 should also be brought down.

"We are glad that the government has brought it down to 18 per cent," Asher added.

MAI represents around 75 per cent of multiplex industry in India. Its 15 members operate more than 2,000 screens across the country.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 344.70 7.97
Reliance 1,325.90 4.62
Indiabulls Hsg 814.55 12.63
ICICI Bank 407.70 4.62
HDFC 2,122.50 6.46
Company Price Change %Gain
Reliance 1,325.50 4.72
Larsen 1,451.05 6.55
Bajaj Finance 3,406.70 3.20
SBI 344.60 8.04
Maruti Suzuki 7,088.35 5.68
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 814.55 12.63
SBI 344.70 7.97
Adani Ports 400.10 8.99
IndusInd Bank 1,494.65 8.82
Grasim 890.30 7.40
Company Price Change %Gain
IndusInd Bank 1,492.60 8.64
SBI 344.60 8.04
Tata Motors 190.00 7.53
Yes Bank 143.60 6.73
Larsen 1,451.05 6.55
Top Losers
Company Price Change %Gain
Dr Reddys Labs 2,589.40 -5.67
Zee Entertain 362.50 -2.59
Bajaj Auto 3,006.30 -1.11
Tech Mahindra 779.35 -0.70
Infosys 722.40 -0.21
Company Price Change %Gain
Bajaj Auto 3,005.85 -1.18
Infosys 722.40 -0.19

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results