- '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?"
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