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Bring uniformity in entertainment tax rates across India: Assocham
Updated On: 22 November, 2009 11:59 AM IST | | PTI
The Centre should act as a coordinator to bring uniformity in entertainment tax rates, currently varying between 30 per cent and 40 per cent across the country, for growth of the entertainment and media industry, Assocham has said.
The Centre should act as a coordinator to bring uniformity in entertainment tax rates, currently varying between 30 per cent and 40 per cent across the country, for growth of the entertainment and media industry, Assocham has said.
"Entertainment industry is anticipated to grow at a rate of nearly 10 per cent for the next five years and would reach a level of Rs 1,000 billion...(however) uneven entertainment tax which is already in excess would curb its growth," the industry body said.
While entertainment is one of the basic needs of life, the entertainment tax levied on release of films in cinema halls is highly uneven across various states and is in excess of 30-40 per cent, the chamber said.
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