Friday, Sep 25, 2020 | Last Update : 09:08 AM IST

185th Day Of Lockdown

Maharashtra128396397321434345 Andhra Pradesh6543855794745558 Tamil Nadu5636915082109076 Karnataka5485574446588331 Uttar Pradesh3742773076115366 Delhi2606232243755123 West Bengal2378692080424606 Odisha196888161044805 Telangana1792461481391070 Bihar174266159700878 Assam165582135141608 Kerala15445898720614 Gujarat1289491093113382 Rajasthan1227201023301352 Haryana118554984101177 Madhya Pradesh115361814752007 Punjab105220814752860 Chhatisgarh9562358833680 Jharkhand7643862945626 Jammu and Kashmir68614480791024 Uttarakhand4440432154501 Goa3055224347360 Puducherry2489519311467 Tripura2378616955245 Himachal Pradesh133869232125 Chandigarh109688342123 Manipur9537736959 Arunachal Pradesh8416607113 Nagaland5730459810 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Entertainment   Bollywood  23 May 2017  Sidharth Malhotra supports Siddharth Roy Kapur's view on GST

Sidharth Malhotra supports Siddharth Roy Kapur's view on GST

Published : May 23, 2017, 11:36 am IST
Updated : May 23, 2017, 11:36 am IST

The GST Council on Friday decided a four-slab tax rate for services, and this new regime will roll out from July 1.

Sidharth Malhotra and Siddharth Roy Kapur.
 Sidharth Malhotra and Siddharth Roy Kapur.

Mumbai: After terming the decision of imposing entertainment rate and service tax of 28 percent in GST on cinema tickets a huge setback, UTV's Siddharth Roy Kapur has finally found support in actor Sidharth Malhotra, who thinks the same.

The 32-year-old-actor took to Twitter to share the official statement of the President of The Film and Television Producers Guild of India and said that he hopes the authorities will listen to their request.


For the unversed, while talking about the new tax regime, the UTV head issued an official statement, stating his dismay over this action.

The statement read, "The GST rate of 28 percent announced on cinema tickets is a huge setback for the film industry. The industry had proposed a rate of five percent in our representations to the Government, in order to revive a business which has been struggling from lack of fresh investments in new cinema screens and a significant increase in online piracy. In the existing tax regime, the cinema exhibition sector was exempted from service tax and state VAT, and entertainment tax was the only tax imposed on cinema tickets by states and local bodies."


Adding, "The average entertainment tax collected nationally by the government across all states and languages was in the range of 8-10 percent of gross box office revenue. Hence logically the GST rate should not have been more than 12 percent, in order to avoid any exchequer loss. Instead, the Government has equated the film sector with the gambling and betting industries and taxed it at the highest slab of 28 percent, in addition to which local bodies across states have also been empowered to impose entertainment tax, which was earlier to have been subsumed within GST."

He felt disheartened to see that Government does not see the immense contribution Make In India film production sector can have in enhancing the soft power of the country.


The 42-year-old-proudcer concluded by saying, "Unfortunately, with such a lack of interest and support from the Government, the Indian film industry which should be one of the primary forms of cultural outreach from India to the rest of the world, finds itself in real danger of coming undone." 

Tags: sidharth malhotra, siddharth roy kapur, goods and sales tax (gst)
Location: India, Maharashtra, Mumbai (Bombay)