The 16th GST Council meeting chaired by Union Finance Minister Arun Jaitley in Delhi to address the grievances of the various sectors over tax bracket.
FM received representation for about 133 goods. After considering representation, the GST council has reduced tax levels in 66 cases.
After Actor Kamaal Hassan announced to quit film over flat 28% tax on cinema tickets, FM announced that the Rate of 28% will be maintained for all cinema tickets above Rs. 100 & below Rs. 100 it will be reduced to 18%.
At GST Council meet today, Arun Jaitley said the entertainment tax will be now in 2 categories- For tickets less than Rs 100- 18%. Its Major Boost to Single Screens Nationwide.