Film and television industry lobbies for lower GST rate
Anything more than a 5% rate would be damaging to the industry, said Siddharth Roy Kapur, president of Film and Television Producers Guild of India
New Delhi: On behalf of the Indian film fraternity, the Film and Television Producers Guild of India has argued for a GST (goods and services tax) rate of 5% for making the film industry more lucrative as a business to invest in. Over the years, film business has suffered due to multiple and indirect taxes levied at various stages of film production and exhibition. Under GST, on the other hand, taxable goods and services would not be distinguished from one another and taxed at a single rate by a sole authority in a supply chain till they reach the consumer. The Guild believes 5% is an adequate benchmark.