LIVE TV DownloadNews18 App
News18 English
»
1-min read

Thankful to Govt for Reducing GST on Film Tickets: Producers Guild of India President Siddharth Roy Kapur

Producers Guild of India has hailed the decision of government to reduce GST on cinema tickets as a "progressive step".

PTI

Updated:December 22, 2018, 5:58 PM IST
facebookTwittergoogleskypewhatsapp
Thankful to Govt for Reducing GST on Film Tickets: Producers Guild of India President Siddharth Roy Kapur
Producers Guild of India has hailed the decision of government to reduce GST on cinema tickets as a "progressive step".
Loading...
Mumbai: Producers Guild of India has hailed the decision of government to reduce GST on cinema tickets as a "progressive step" which will help the industry "move forward positively."

According to a statement, the Guild is happy with the reduction of GST on film tickets, exceeding Rs 100 to 18 percent from 28 percent and up to Rs 100 to 12 percent from 18 percent.

"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," Siddharth Roy Kapur, President of Producers Guild of India said in a statement.

The move comes after a delegation from the film industry, including Kapur, met Prime Minister Narendra Modi and discussed several issues the industry faces.

"The Film Industry truly appreciates the continued endeavours of the GST Council, The Central and State Governments towards resolving issues faced by the stakeholders in the smooth functioning of GST," the statement further read.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

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