Watching movies in theatres will become a whole lot easier now that the GST Council has decided to slash the GST on cinema tickets, and reduce them to affordable rates.
The GST on tickets below 100 INR will be reduced from 18 per cent to 12 per cent and the taxes on tickets above 100 INR will be reduced to 18 per cent from the whopping 28 per cent earlier.
Arun Jaitley announced the decision on Saturday, and said that the move is a progressive one which is meant to improve the economy of the movie business.
This is a welcome move and is supposed to ensure that the movie industry progresses in a smooth and prosperous manner. According to Jaitley, this will also cater to creative development more than ever before.
A few days ago, a Bollywood delegation met with the PM to discuss some issues which were plaguing the film industry, and this was apparently the result of that.
Several stars also tweeted in appreciation:
Quick action and how! Within a few days of our meeting with hon. Prime Minister @narendramodi ji, the Government addressed our concern…GST for movie tickets to be reduced. A welcome move for the industry and audiences as well.
— Akshay Kumar (@akshaykumar) December 22, 2018
Even Ajay Devgn tweeted:
The voice of the film industry was finally heard and immediate action taken, thanks to @narendramodi ji.
For movie tickets priced below Rs. 100 the tax has been reduced from 18% to 12% now and for tickets priced above Rs. 100 the tax has been reduced from 28% to 18% now.
— Ajay Devgn (@ajaydevgn) December 22, 2018
What do you have to say on this?