 "Though cost per ticket is likely to go up by ~150, the changing dynamics of the content ecosystem is believed to have driven the multiplex player towards taking the leap")
The taxation on cinema tickets has been relaxed. The goods and services tax on tickets up to Rs 100 has been reduced from 18 per cent to 12 per cent, while GST on tickets above Rs 100 has been reduced to 18 per cent from 28 per cent.
The high taxation on cinema tickets, especially those above Rs 100 had been a matter of concern for exhibitors since the GST tax slabs were announced. The high taxation caused cinema tickets to become more expensive, as exhibitors were forced to pass on the tax to consumers.
Siddharth Roy Kapur,
The high taxation on cinema tickets, especially those above Rs 100 had been a matter of concern for exhibitors since the GST tax slabs were announced. The high taxation caused cinema tickets to become more expensive, as exhibitors were forced to pass on the tax to consumers.
Siddharth Roy Kapur,
