Tamil superstar Kamal Haasan on Friday urged the central government to cut down on Goods and Service Tax (GST) to keep floating the regional cinema. The actor requested Finance Minister Arun Jaitley to reduce tax to around 12 to 15 per cent as he believes the higher taxes levied on regional cinema will ruin it completely. 62-year-old Haasan also threatened to quit the industry with such higher tax slabs. He said,” I will have to quit the industry if I am on the tax slab that is the highest.”
“We welcome GST and one India one tax. But this rate will ruin regional cinema,” said the 62-year-old actor-filmmaker, urging Finance Minister Arun Jaitley to cut the GST rate to 12-15 per cent.
“If I can’t afford the tax I’ll have to quit. I will not work for the government… what is this? Is this the East India Company?”
The entertainment and other taxes vary in different parts of India. For Hindi films, 28 per cent is a drop from the current rate in cities like Mumbai.
“Regional films, Hollywood films and Hindi films cannot be put on the same slab and film tickets can’t be fixed like an essential service,” said the actor.
Many south filmmakers point out that existing tax rates are low in the southern states; in Karnataka, there is no tax on Kannada films. Mr Haasan has made over 40 films and starred in over 100.
GST, India’s biggest tax overhaul, is set to debut on July 1. A small list of goods will be exempt from taxes while the rest will be taxed at the approved rates of 5, 12, 18 and 28 per cent.
Source : Via Kollyspy