News
GST Impact : Kannada film producers may move operations out of state
- Date:
- April 10, 2017
- Source:
- TOI
With the rollout of the Goods and Services Tax (GST) regime on July 1 set to take away benefits that the Kannada film industry hitherto enjoyed, the producers are threatening to move operations out of the state. Under the existing guidelines, no entertainment tax is levied on Kannada films, while other movies have to pay 30% tax. In order to avail of the tax benefits, Kannada filmmaker…