We had reported earlier that, the Tamil film industry was imposed with a Goods and Services tax(GST) amount of 28 percent. This was quoted to be very high tax rate by numerous film personalities and producers who requested a reduction of the alarmingly high GST.
There was a lot of pressure from the industry’s side as this GST of 28 percent was not believed to benefit the film industry and even veteran’s like Kamal Haasan had said that he would have to quit cinema if there was no amendment by the government. Finally, there is some relief now as the government has brought down the GST from 28 percent to 18 percent.
With the majority of the film industry asking for a remedy, this reduction of GST to 18 percent comes in as a much needed change that would benefit the producers who are the pillars of the film industry and help churn out entertainment for the people.
There was a lot of pressure from the industry’s side as this GST of 28 percent was not believed to benefit the film industry and even veteran’s like Kamal Haasan had said that he would have to quit cinema if there was no amendment by the government. Finally, there is some relief now as the government has brought down the GST from 28 percent to 18 percent.
With the majority of the film industry asking for a remedy, this reduction of GST to 18 percent comes in as a much needed change that would benefit the producers who are the pillars of the film industry and help churn out entertainment for the people.
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