Single GST rate on cinema exhibition, plead multiplexes

The G oods and Services tax (GST) cut for movie tickets below Rs 100 by the GST Council on Sunday has come as a breather for largely single-screen operators. From 28 per cent, this rate was reduced to 18 per cent. Close to 75 per cent of the 8,500-9,000 screens in India are single ones i.e. 6,000 to 6,500. Multiplex operators are disappointed. The revenue from tickets priced above Rs 100 is higher…