FM replies to Jaya Bachchan: Tax on movie tickets reduced from 28% to 18%

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FM replies to Jaya Bachchan: Tax on movie tickets reduced from 28% to 18% - Business Standard

Quick Summary:

On Wednesday, Jaya Bachchan criticised the neglect of the film industry, highlighting the closure of single-screen theatres and the decline in cinema attendance.

In some states, entertainment tax went as high as 100 per cent, Sitharaman said.

Additionally, a National Centre for Excellence in Animation, Visual Effects, Gaming, Comics, and Extended Reality has been approved by the cabinet to boost digital media innovation in the country.