The centre has reduced the GST on Cinema tickets. A decision to this effect has been taken by the council which met today. Finance Minister Arun Jaitley has announced this. The producers guild have expressed their happiness and thanked Prime Minister Modi for reducing the GST on the movie tickets.
For the tickets which are under the slab of Rs 100, the GST has been reduced from 18 to 12 per cent. If the ticket price is more than 100 the GST has been reduced from 28 to 18 percent.The industry people are happy that this will help the film industry in a big way and ore investments would come in the near future.
Reduction in GST on cinema tickets: Producers Guild of India welcomes the decision