Bollywood actors including Akshay Kumar, Ajay Devgn, Aamir Khan, and filmmaker Karan Johar have hailed government's decision to reduce GST on cinema tickets and said its a "welcome move" which will benefit the industry and the audience.
Producers Guild of India issued a a statement, where it mentioned that the industry 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, enabling even better cinema and greater screen density across the country.
"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.
The move comes after a Bollywood delegation, including Aamir, Ajay, Akshay, Karan, Kapur, Ritesh Sidhwani among others, met Prime Minister Narendra Modi and discussed the issues the film industry is facing, including GST.
Aamir tweeted, "Heartfelt thank you to Honorable PM & the Govt of India for considering the request of the film industry for reduction in GST. If Indian cinema hopes to compete in the world market then we need the support of the Govt and Administration. This is a great first step in that direction."
Karan wrote, "Would like to thank our Prime Minister @narendramodi for the swift action on the GST rate on movie tickets... Great news at the year end! Thank you sir for your proactivity and support....."
Akshay, too, lauded the swiftness of PM and said, "Quick action and how! Within a few days of our meeting with hon. Prime Minister @narendramodi ji, the Government addressed our concern...GST for movie tickets to be reduced. A welcome move for the industry and audiences as well."
Sidhwani wrote, "Thank you so much Shri. @narendramodi ji for your immediate action of reduction in GST on cinema tickets..."
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