GST rate on Films: Smriti Irani appeals to Finance Minister Arun Jaitley

09 November 2017     Comments  


GST rate on Films: Smriti Irani appeals to Finance Minister Arun Jaitley


The Goods and Services Tax has revolutionized the Indian taxation system. The GST Act was passed in the Lok Sabha on 29th March, 2017, and came into effect from 1st July, 2017. While some welcomed this new taxation rule, there were others who couldn't stop bickering about it. Indian film industry has been affected very much with new GST rates that has been implemented on films and cinema tickets. In fact the Film & Television Producers Guild of India approached I&B minister Smriti Irani and expressed their's concern on the same.

Well now we came to know that Smriti Irani too has decided to join the film industry plea. In fact, post hearing from the Film & Television Producers Guild of India, Smriti Irani promptly wrote a letter to Finance Minister Arun Jaitley drawing attention to how the current tax regime will negatively impact further investments in cinema production and exhibition sectors.



Tags : Smriti Irani , Finance Minister Arun Jaitley ,The Goods and Services Tax

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