Movies & TV

GST: Watching movies, theatre, cable TV to be cheaper

GST

Watching movies, theatre or cable TV is set to become cheaper under the Goods and Services Tax (GST) regime scheduled from July 2017.

The finance ministry on Tuesday said the taxes on entertainments and amusements that are as high as 100% have been merged under GST.

Panchayats and municipalities can still levy a tax on entertainment over and above the GST.

“The rate of GST approved by GST Council on services by way of admission to entertainment events or cinematography films in cinema theatres is 28%,” the ministry said.

At present, the entertainment tax rates charged to movie-goers are as high as 100% in some of the States.

[Source”timesofindia”]