ಚಿತ್ರೋದ್ಯಮದಲ್ಲಿ GST ಯಿಂದಾಗುವ ಬದಲಾವಣೆಗಳು || Changes From GST In The Kannada Film Industry || YOYO TV
1,080 views · Published 28 June 2017 · 2:32 · Indexed 14 November 2026
Channel: YOYO TV Kannada · 2017 · News & Politics
Changes From GST In The Kannada Film Industry (GST) regime on July 1 set to take away benefits that the Kannada film industry hitherto enjoyed, the producers are threatening to move operations out of the state. Under the existing guidelines, no entertainment tax is levied on Kannada films, while other movies have to pay 30% tax. In order to avail of the tax benefits, Kannada filmmakers have to at least 50% of the movie and carry out all post-production activities that include editing, mixing and recording in Karnataka. However, under the GST regime, there will no such exceptions since all films will be levied an 18% entertainment tax. President of the Karnataka Film Chamber of Commerce (KFCC) Sa Ra Govindu said that the new system necessitated an overhaul in the manner the film industry functioned. "It now seems inevitable for film activity to be taken out of the state," he added. Producer Soorappa Babu said that filmmakers would be forced to shift operations in order to ensure the busiess remained a viable proposition. Endorsing Govindu's observations, Babu said "When there is no tax benefit, there should be no restrictions." " Kannada film producers will be allowed use of extravagant sets prepared for Hindi, Tamil or Telugu films," said Vivek Mallya, a taxation expert and chartered accountant who advises the chamber. Calling for films to be viewed as an economic activity, Vivek said, "We are ringing in the 'one nation, one tax' system, where border restrictions won't make sense." However, chairman of the Karnataka Chalanachitra Academy SV Rajendra Singh Babu sought to draw attention to the dire condition of the film industry. "The state government has protected the interests of the industry in the past. We need its intervention now more than ever," he said. Officials in the finance department said that the government was exploring ways to stop the Kannada film industry from moving out of the state. "One option is to reimburse the tax paid on Kannada films. Also, we are planning on requesting the GST Council to have a differential tax structure for movies depending on cost of production," said a senior official. Enjoy and stay connected with us !! ►Subscribe us on Youtube: http://bit.ly/2qj6cWv ►Like us: http://bit.ly/2qgtSMX ►Follow us: https://twitter.com/YOYOTVKannada ►Circle us: https://plus.google.com/+YOYOTVKannada ►Visit For More Film Updates : http://kannada.yoyodaily.com
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