Why over 1,000 Tamil Nadu cinema halls are shut today after the GST launch - News Summed Up

Why over 1,000 Tamil Nadu cinema halls are shut today after the GST launch


On the first Monday after the Goods and Services Tax (GST) rollout two days back, over 1,000 cinema halls in Tamil Nadu are shut today. The Tamil Nadu Film Exhibitors Association's decision to shut cinema halls coincides with the GST launch but is not directly linked to it. According to the Tamil Film Chamber of Commerce, the cinema halls in Tamil Nadu are shut due to their "inability to pay" (local taxes). Many supposed that the local taxes would vanish after GST rollout but the new taxation laws provide for imposition of local taxes on cinema halls. Watch this video to find out more.


Source: India Today July 03, 2017 12:00 UTC



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