- 'GST should be immediately brought down to 18%,' said Mukesh Bhatt
- 'Hindi film producers won't be able to make movies at this rate," he said
- 'Government has equated the film sector with betting industries'
Siddharth Roy Kapur, President of The Film and Television Producers Guild of India, said, "The industry had proposed a rate of 5% in our representations to the Government, in order to revive a business, which has been struggling from lack of fresh investments in new cinema screens and a significant increase in online piracy. The average entertainment tax collected nationally by the government across all states and languages was in the range of 8-10% of gross box office revenue. Hence logically the GST rate should not have been more than 12%, in order to avoid any exchequer loss. Instead, the Government has equated the film sector with the gambling and betting industries and taxed it at the highest slab of 28%"
Both Mukesh Bhatt and Mr Kapur feel that the government is equating the entertainment industry with the gambling industry. Mukesh Bhatt added, "They have to understand we are a creative industry, we are different from gambling and tobacco industries. Why are we treated like the Paan and Gutka industry? Are we injurious to health?"
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.