In spite of the fact that GST (Goods and Service Tax) has been propelled with much reputation, there is a feeling of distress winning among numerous businesses and areas of which one is the film industry.
Among reginol film, it is Kollywood (Tamil Industry) that has begun challenging the implementation of GST. With the launch of GST, the duty on Tamil industry has gone up to 48-58% which will be a weight for producers and movie lovers.
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Director Shankar has taken to twitter and posted – 48-58%..too much tax..save Tamil cinema. Theatres crosswise over Tamil Nadu are shut from today to challenge immense expense burden.
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Telugu states have briefly put a stop on the assessment climb for movie industry and will act likewise in view of the repercussions from other movie industries. Our CM’s are savvy enough to deal with this!!