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Cinemas in Chennai go on strike to protest levy of LBET

ANI  |  Chennai (Tamil Nadu) [India] 

The Producers Guild of affirmed its unequivocal support to the decision of the multiplex cinema chains in Greater to discontinue screening of films as a mark of protest against imposition of Local Body (LBET) on cinema tickets.

For the unversed, the LBET imposed by is in addition to the GST, which is already 28%.

President of the Producers Guild of Siddharth Roy Kapur stated, "The decision of to impose Local Body in addition to Goods & Services on cinema tickets is a highly retrograde step and the Producers Guild of urges the to withdraw this regressive tax at the earliest in the larger interests of all sectors of the Indian "

The Guild producer members, in the recently held meeting, decided to discontinue screening their films in all the cinema halls in Greater to voice their opposition against imposition of LBET by the government.

The members expressed their serious concerns that if the LBET levied by the Tamil Nadu Government in Greater is not withdrawn then it will lead to a significantly huge burden on the pockets of the local audience in the state, who would have to shell out in excess of 50% tax on cinema tickets.

Producers, distributors and cinema owners all across India are clear that they will be unable to conduct their business in any city, district or state where films are subjected to LBET over and above GST, and any such move will only lead to closure of cinemas as has happened in Chennai city.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 03 2017. 14:09 IST