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producers’ association writes to finance minister to remove GST from film industry

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producers’ association writes to finance minister to remove GST from film industry

Mumbai, Nov 24 (PTI) The Indian Motion Picture Producers’ Association (IMPA) on Wednesday wrote to Finance Minister Nirmala Sitharaman urging her to remove or “substantially reduce” the Goods and Services Tax (GST) from the film and entertainment industry so that Help the region recover from the pandemic.

The filmmakers’ association, in its letter, urged Sitharaman to take note of the “pain and suffering” being faced by the industry due to “high taxation as well as the GST rate of 18 per cent”.

Impa claimed that the rate of GST is very high, especially when it is an industry where the government makes no investment, but “takes a substantial share in the income generated.”

The letter said, “Therefore, in an industry where the entire capital is being contributed by the entrepreneurs, and today at a stage where the industry is in a bad shape due to the pandemic, it has become necessary to take the lump sum amount.” But by removing GST and other taxes, new energy and life should be given to the industry.

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