Siddharth Kapur concerned over double taxation
Mumbai
July 05, 2017
Well-known producer
Siddharth Roy Kapur, as the president of The Film and Television
Producers Guild of India, feels double taxation will make the Tamil
film industry commercially unviable.
The Tamil Nadu government's decision to levy 30 per cent entertainment
tax over and above the Goods and Services Tax (GST) rate was facing
stiff opposition from all quarters.
"This move of double taxation by Tamil Nadu government will not only
defeat the very purpose of introducing GST as a progressive 'One Nation
One Tax" regime but shall also make the industry commercially unviable
leading to closure of cinema halls and loss of jobs," Kapur said in a
statement.
Theatres across Tamil Nadu have been shut in protest against the high
tax rate.
On behalf of the Guild, Kapur has made a fervent request to the K.
Palaniswami government and also other state governments.
"Not to impose additional Local Bodies Entertainment Tax (LBET) on
films pertaining to any language over and above the GST which is
already in the highest slab of 28 per cent," he said.
Mumbai
July 05, 2017
Well-known producer
Siddharth Roy Kapur, as the president of The Film and Television
Producers Guild of India, feels double taxation will make the Tamil
film industry commercially unviable.
The Tamil Nadu government's decision to levy 30 per cent entertainment
tax over and above the Goods and Services Tax (GST) rate was facing
stiff opposition from all quarters.
"This move of double taxation by Tamil Nadu government will not only
defeat the very purpose of introducing GST as a progressive 'One Nation
One Tax" regime but shall also make the industry commercially unviable
leading to closure of cinema halls and loss of jobs," Kapur said in a
statement.
Theatres across Tamil Nadu have been shut in protest against the high
tax rate.
On behalf of the Guild, Kapur has made a fervent request to the K.
Palaniswami government and also other state governments.
"Not to impose additional Local Bodies Entertainment Tax (LBET) on
films pertaining to any language over and above the GST which is
already in the highest slab of 28 per cent," he said.
Tags: Siddharth Roy Kapur