Chennai: Movie theatres in Tamil Nadu will remain shut from Monday to protest on the “lack of clarity” on the tax that would be levied following the implementation of the new Goods and Services Tax (GST) which has come into effect from Saturday. “From Monday, all shows across theatres in the state will be suspended.” said Abirami Ramanathan, president of the Tamil Nadu Film Chamber of Commerce. More From Livemint »According to the state’s film chamber of commerce, the state government hasn’t announced whether it would levy the existing entertainment tax in addition to the GST. This is inclusive of the entertainment tax levied by the state or the local body and it varies from 20%-30% based on the location. “If entertainment tax is added on top of the GST, we will be forced to pay % of the ticket rate as tax to the government,” said Ramanathan.

Source: Mint July 01, 2017 07:52 UTC