GST cut on movie tickets brings cheer

Just days after coming into effect, the reduction in the Goods and Service Tax (GST) on movie tickets is already benefiting consumers, according to experts. On December 22, last year, the GST Council brought down the tax rate for 23 goods and services to 18%. The new rate came into effect on January 1, providing relief to moviegoers and theatre owners. The GST Council in 2017 slotted movie tickets…