The Producers Guild of India has hailed the decision of government to reduce GST on cinema tickets as a “progressive step” which will help the industry “move forward positively”.
According to a statement, the Guild is happy with the reduction of GST on film tickets, exceeding Rs 100 to 18 percent from 28 percent and up to Rs 100 to 12 percent from 18 percent.
“This will help the industry move forward positively with increased investments in both exhibition infrastructure and creative development. We look forward to continuing to engage with the government on initiatives that will help to unleash the full potential of the film industry,” Siddharth Roy Kapur, President of Producers Guild of India said in a statement.
Ajay Devgn, too, tweeted about the same, thanking Narendra Modi for the move:
The voice of the film industry was finally heard and immediate action taken, thanks to @narendramodi ji.
For movie tickets priced below Rs. 100 the tax has been reduced from 18% to 12% now and for tickets priced above Rs. 100 the tax has been reduced from 28% to 18% now.
— Ajay Devgn (@ajaydevgn) December 22, 2018
As far as Punjabi film industry goes, Whitehill Studios’ owners Gunbir Singh Sidhu and Manmord Sidhu expressed their gratitude to the government as well. They both unanimously welcomed the move and said that this move shall take a lot of burden off Punjabi film producers enabling them to come up with even better cinema and greater screen density.”