Chennai sources stated that the Centre's decision to reduce GST on cinema tickets exceeding `100 to 18% from the current 28%, and up to `100 to 12% from the present 18%, has received good response from both the cine industry and the customers. Meanwhile the 31st GST meeting was held at Vigyan Bhavan, New Delhi, on Saturday chaired by Union finance minister Arun Jaitley.
Accordingly TN fisheries minister D. Jayakumar represented in the meeting on behalf of Tamilnadu, while all the finance ministers from all the states took part in the meeting. Furthermore after the meeting, Jayakumar was responding to a volley of questions. "GST slab of 28% has been reduced for several commodities, while slab of 28% GST has been slashed to 18% for 23 other commodities.
He said "We welcome that GST on cinema tickets has been cut down". Similarly, Puducherry CM Narayanasamy said that the GST slab of 18% has been reduced to 12% and 5 % respectively for 33 items. TN BJP president Tamilisai Soundararajan took to twitter that "People welfare focused honorable PM. GST on cinema tickets reduced. Ticket rates up to `100 reduced from 18% to 12% above `100 reduced from 28% to 18%, a big support to Tamil film industry".
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