Impact of GST in Tamil Nadu on Entertainment Industry, 30% Corporation Tax

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Seems like GST has hit hard in the entertainment world. In Tamil Nadu around  1,100 cinema halls and multiplexes across Tamil Nadu stopped screening films on Monday. Distributors and owners of theaters are going on an indefinite strike against an additional 30% tax over and above the newly implemented GST.

As GST kicks in, the state government slipped in a 30% corporation tax on ticket sales. The tax would cripple the film industry, sources said.

“We are against the corporation tax which is 30%. This is in addition to the GST rates. We are not against the GST. We welcome it,” Tamil Nadu Theatre Owners and Distributors Association president Abhirami Ramanathan said.“The tax of 30 per cent is in addition to the GST rates, theatres are shut due to our inability to pay taxes,” he told news agency PTI.

Speaking at the launch of a dubbing studio here on Monday, Haasan told the media, “The entire industry is gathering together and we shall speak as one voice soon.”

“If there is an attempt to create a uniform tax regime across the country, why is Tamil Nadu government alone imposing this huge tax, which amounts to double taxation?” a cine producers’ association member said.

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