Apart from this an entertainment tax ranging between 8-12% is further levied increasing the average tax to as much as 25%. So, how will things change post GST for India's media and entertainment market which is the 5th largest in the world? The best case scenario would be if the Government subsumes this tax under GST Bill itself.' The Govt has to find a way to legislate the rate of entertainment tax imposed by local bodies in order to maintain uniformity. Briefcase 1 Once GST comes into play, consumers will have to pay a single tax between 18-20%.

Source: India Today August 02, 2016 19:52 UTC