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Cost of cinema tickets down

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Posted on : 22/Dec/2018 18:04:37



 
 
 
The GST on cinema tickets priced above Rs. 100 has been reduced from the present 28% to 18%, the GST of the film tickets below Rs. 100 has been reduced from the present 18% to 12%.

The 31st GST meeting was conducted today (Saturday, 22nd December) at New Delhi.

All the state finance ministers participated in this meeting presided by the Central Finance Minister Arun Jaitley. Minister Jayakumar participated on behalf of the state of Tamil Nadu.

It was only recently that the Prime Minister Narendra Modi had announced the proposal that the GST would be brought under 18% GST for 99% items. So, there was a discussion regarding bringing 28% of the items under the 18% GST limit.

The Tamil Nadu state minister Jayakumar informed after the meeting several items with GST of 28% domain have been brought down.  He told that 23 items have been brought down from 28% GST domain to 18%. The GST on cinema tickets has also been reduced.

The Chief Minister of Puducherry, Narayanaswamy shared that the GST for 33 items has been brought down from the 18% domain to 12% and 5% domain.