News
18 per cent GST on sub-Rs 100 movie tickets won't help industry
- Date:
- June 12, 2017
- Source:
- Deccan Chronicle
The GST rate of 18 per cent tax on cinema tickets below Rs 100 under is too little a relief and this is not enough to spur growth, according to multiplex operators. According to the Multiplex Association of India (MAI), the sub-Rs 100 movie tickets account for only around 10 per cent of total ticket sales volumes, contributing only 6 per cent by value in revenue. Earlier, the GST Council had propo…