The Tamil Nadu government has decided to reduce the local entertainment tax by two per cent to eight per cent after talks with the movie industry, a Tamil Film Producers Council official said on Friday.
Speaking to reporters here the official, Vishal, said the decision on tax reduction follows a meeting of Chief Minister K. Palaniswami with Tamil movie industry representatives.
The tax rate announced earlier was 10 per cent, which was in addition to the 28 per cent Goods and Services Tax (GST).
However the 20 per cent tax on non-Tamil movies would continue.
Following opposition to the entertainment tax, theatres in Tamil Nadu did not release any new movie.
According to Vishal, theatres will not charge more for the tickets than fixed by the government and they would also sell eatables and other items only at the printed maximum retail price.
--IANS
vj/tsb/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
