Taxes on entertainment, cable, DTH to come down under GST
The Dollar Business Bureau The government said on Tuesday that taxes on entertainment, Direct-To-Home (DTH) and cable services would come down in the new Goods and Services Tax (GST) as 'entertainment tax' that is imposed by the states has been included in the GST regime. The services offered through admission to cinematography films or entertainment events in cinema halls will be imposed with a rate of 28% under GST effective from July 1, the Finance Ministry said in a statement. Presently, the states levy entertainment tax of up to 100% with regard to exhibition of films in cinema halls/theatres. The entertainment tax has now been subsumed under the GST, and therefore only the taxes imposed by a municipality or panchayat on amusements and entertainments will stay. “Entertainment ...
'FDI limit in media and entertainment should increase'
Interview by Sisir Pradhan | The Dollar Business The Dollar Business (TDB): Why should media and entertainment be a part of Make in India, which looks at the larger economy from manufacturing point of view and developing infrastructure? Are you surprised that Prime Minister Narendra Modi has also earmarked media and entertainment as one of 25 sectors under the Make in India initiative? Jagi Mangat Panda (JMP): Not at all! Because I don’t think it should be only manufacturing, I believe that any large industry which is capable of generating millions of jobs should be a part of Make in India campaign. I was happy to see and pleasantly surprised to see media and entertainment sector has been included in ...
