Movie industry demands removal of double taxation system
Indian movie industry demands removal of double taxation system in the sector to sustain, said movie biggies.
According to Yash Chopra, ace movie producer and Chairman, FICCI Entertainment Committee the multiple taxation on the industry is serious threat for the survival.
D Suresh, a prominent producer of Telugu films and promoter of Ramanaidu studio said Indian film industry is the only industry that is subjected to multiple taxes. He demanded the Government remove either GST or entertainment tax being collected by the State Governments.
The industry has been pitching for inclusion of the entertainment taxes into the GST regime to create a common tax rate in all states and also reduce the tax burden, on account of the input tax credit to be available in GST system.