Ahead of the biggest season of films release in Tollywood (Sankranthi), here is a piece of good news for the film industry as well as the audience. The GST Council in a meeting a little while ago has decided to cut down the existing GST rates of the movie tickets of all the ranges.
Tickets which have the Base Price over 100 Rupees are currently in the Highest GST Slab of 28%. The GST Council had gone for a massive 10% cut. They are now brought into 18% Slab. Also, the Tickets which are costing under 100 Rupees will also cost lesser going forward. They will now attract the 12% GST Slab from the current 18% Slab.
This decrease will come as a massive advantage to the Biggies releasing in Sankranthi. Also, the small films which are being burdened due to these Taxes will breathe in relief. It will be seen if the Single Screen Theaters will pass on the Benefit to the audience while Multiplexes will have to definitely pass the benefit.
