GST could mark end of single screen cinemas, say exhibitors

Single-screen cinemas in Jharkhand could fold up with the roll out of Goods and Services Tax (GST) scheduled from July 1, as 18% slab has been fixed for tickets up to Rs 100, cine exhibitors said. Traditional cinema halls are already dying a slow death in Jharkhand. Multiplexes, television, direct to home services, smart phones and internet have virtually ruined the business of single screen theat…