Financial Daily from THE HINDU group of publications
Wednesday, Oct 15, 2003
Financial Daily from THE HINDU group of publications Wednesday, Oct 15, 2003 |
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Industry & Economy
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Taxation State Govts urged to peg entertainment tax at 45 pc Our Bureau
New Delhi , Oct. 14 THE Information and Broadcasting (I&B) Ministry has requested the State Governments to try and bring down the entertainment tax to about 45 per cent. Speaking to newspersons, the I&B Minister, Mr Ravi Shankar Prasad, said, "A sub-committee comprising representatives of State Information Ministers had in November 2001 decided to cap entertainment tax at 60 per cent. Several States have brought it down to about 50 per cent. We want to bring it down further and this was suggested at today's sub-committee meeting." Several States such as Gujarat, Haryana, Jammu & Kashmir and Punjab have brought down the entertainment tax to 50 per cent. He added that it had been noticed that in States where entertainment tax had been brought down, prices of cinema tickets have come down and revenue collections have gone up, driving people to the cinema halls. The Ministry has also suggested to the States that changes be made in the entertainment tax laws as the industry has grown and there have been many policy-level changes. "The Federation of Indian Chambers of Commerce and Industry (FICCI) along with the Multiplex Association of India would work on comprehensive model regulations," said the Minister. Another issue discussed at today's meeting was computerisation of cinema tickets. A committee including representatives of West Bengal, Andhra Pradesh, Maharashtra, Haryana, Chairman of the Multiplex Association of India and Joint Secretary (Films) would look into the implications of computerisation of tickets. In order to curb piracy, it has been decided that a special anti-piracy nodal officer be appointed in each State and the police be sensitised on the issue.
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