GST rates on movie tickets slashed; Celebs thank PM Modi

Good news for all movie lovers as the government has decided to slash the GST rates on movie tickets by a huge margin. This decision was taken earlier today and apart from slashing the GST on movie tickets the government also slashed the GST rates on several other items which included computers and TV ( up to 32 inches). This for sure will bring relief to many.

The GST on cinema tickets costing up to Rs 100 has been brought down to 12% from the earlier 18%. While tickets costing more than Rs 100 will now attract a GST of 18% from the earlier 28%.

Providing an example of the same, Earlier, on a ticket of Rs 100, one paid Rs 28 as GST. On the same ticket, one would have to pay Rs 18 as GST now. So, a ticket costing Rs 128 would now cost Rs 118.

This news will for sure bring a smile on the face of all the movie lovers. Trade analyst, Taran Adarsh took to his twitter and shared a media release by Producers Guild of India that welcomed the move.

Take a look at the media release below:

Reduction in GST on cinema tickets: Producers Guild of India welcomes the decision pic.twitter.com/ytA76Y6hOB — taran adarsh (@taran_adarsh) December 22, 2018

Karan Johar who had recently met Narendra Modi also took to his Twitter and appreciated the move that was taken by the government. He has captioned his post as " Would like to thank our Prime Minister @narendramodi for the swift action on the GST rate on movie tickets...Great news at the year end! Thank you, sir, for your proactivity and support...

Ranveer Singh, Akshay Kumar, Aamir Khan and Ajay Devgn also thanked the Prime Minister.

Heartfelt thank you to Honorable PM & the Govt of India for considering the request of the film industry for reduction in GST. If Indian cinema hopes to compete in the world market then we need the support of the Govt & Administration.

This is a great 1st step in that direction. — Aamir Khan (@aamir_khan) December 22, 2018

Would like to thank our Prime Minister @narendramodi for the swift action on the GST rate on movie tickets....Great news at the year end! Thank you sir for your proactivity and support..... https://t.co/QEn303lBti — Karan Johar (@karanjohar) December 22, 2018

Quick action and how! Within a few days of our meeting with hon. Prime Minister @narendramodi ji, the Government addressed our concern...GST for movie tickets to be reduced. A welcome move for the industry and audiences as well. — Akshay Kumar (@akshaykumar) December 22, 2018

And hey, did you know.... there’s been a revision of the GST slab on Cinema Ticket price !!!

12% for ticket rate below 100

18% for ticket rate above 100



It’s a great move on the part of the government!!! #AskSimmba — Ranveer Singh (@RanveerOfficial) December 22, 2018

( Also Read: TVs, computers, movie tickets to cost less as GST council slashes rates)

Stay tuned for more updates on the same.