B-Town hails PM Modi after GST reduction

Prime Minister Narendra Modi was lauded by Bollywood actors and producers for the reduction of GST  rates on movie tickets after the 31st Goods and Services Tax (GST) Council meeting.

 

The reduction was announced by Union Finance Minister Arun Jaitley, drawing praises from the Hindi film fraternity.GST on cinema tickets costing up to Rs 100 has been brought down to 12% from 18%, while tickets costing more than Rs 100 will now attract a GST of 18% from earlier 28%. The new GST rates will be effective from January 1, 2019.

Taking to Twitter, director Karan Johar, actors Anupam Kher, Ajay Devgn and film critic and trade analyst Taran Adarsh praised the Prime Minister for the decision.

Here’s what they wrote: Anupam Kher: Superb news for #IndianFilmIndustry. Cinema tickets upto Rs. 100 which were under 18% GST slab is brought down to 12% slab. Tickets above Rs. 100 were under the 28% slab. These tickets will now be under 18% slab. Thank you PM @narendramodi & officials for this great decision.

 

Karan Johar: Would like to thank our Prime Minister @narendramodi for the swift action on the GST rate on movie tickets….Great news at the year end! Thank you sir for your proactivity and support…..

Ajay Devgn: The voice of the film industry was finally heard and immediate action taken, thanks to @narendramodi ji. For movie tickets priced below Rs. 100 the tax has been reduced from 18% to 12% now and for tickets priced above Rs. 100 the tax has been reduced from 28% to 18% now.

 

Taran Adarsh: Reduction in GST on cinema tickets: Producers Guild of India welcomes the decision. Would like to thank our Prime Minister @narendramodi for the swift action on the GST rate on movie tickets….Great news at the year end! Thank you sir for your proactivity and support…

 

Aamir Khan: Heartfelt thank you to Honorable PM & the Govt of India for considering the request of the film industry for reduction in GST. If Indian cinema hopes to compete in the world market then we need the support of the Govt & Administration.

This is a great 1st step in that direction.

 

Akshay Kumar: Quick action and how! Within a few days of our meeting with hon. Prime Minister @narendramodi ji, the Government addressed our concern…GST for movie tickets to be reduced. A welcome move for the industry and audiences as well.

Earlier, during PM Modi’s Mumbai visit, a delegation from the film and entertainment fraternity, including Akshay Kumar, Ajay Devgan, Rakesh Roshan, Karan Johar, Siddhartha Roy Kapur and Prasoon Joshi, asked for a lower and uniform GST rates for the industry.

 

 

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