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IMPPA demands rationalisation of tax structure

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Mumbai | Monday, Apr 10 2017 IST
In view of the mounting cost of film production, the Indian Motion Picture Producers' Association (IMPPA) has urged the Centre to fix the rate of the proposed GST at maximum 5 per cent for the entertainment industry, which is going through a crisis.In a memorandum to the Union Finance Minister Arun Jaitley, IMPPA has pointed out that the film industry has been a victim of extreme taxation, with various types of taxes being levied on all type of goods and services. As such the rate of GST be restricted to 5 per cent, which will give a tremendous relief to the filmmakers.Speaking to the media persons here , IMPPA Secretary Anil Nagrath said, "At present, the entertainment tax of 45 to 50 per cent is payable in Maharashtra on Hindi films. Besides, 15 per cent service tax is paid on goods and services, including cameras and other equipment. Whereas there is no entertainment tax on Marathi films in Maharashtra and Telugu films in Andhra Pradesh. In some of the southern states, the entertainment tax is hardly 5 per cent. While in Delhi it is 25 per cent, the Punjab Government has scrapped the entertainment tax altogether. The imposition of uniform 15 per cent service tax including 'Swach Bharat' and 'Krishi Cess' is also largely responsible for the state of the film industry because it comes on top of all the various other taxes.""The income of the film is taxed at the ticketing stage without taking into consideration whether the producer, is able to recover his investment or even the taxes paid by him, on the film under production. While other sectors of the entertainment industry are surviving, the film sector is facing a difficult situation. Although filmmakers are facing a severe financial crisis, the Central and State Government earn huge revenue, by various type of taxes imposed at different levels of film production. Ironically the taxes are levied irrespective of the fate of the film.""In these circumstances, it is absolutely essential that the tax structure is rationalised so that there will be uniformity throughout the country because regardless of the language of the film, the problems faced by the film industry remain same," he added. UNI AAA JW SHK 1550

-- (UNI) -- C-1-1-DL0364-1224017.Xml

 
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