IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

Siddharth Kapur concerned over double taxation

IANS Wednesday, July 5, 2017
Siddharth Kapur concerned over double taxation

Well-known producer Siddharth Roy Kapur, as the president of The Film and Television Producers Guild of India, feels double taxation will make the Tamil film industry commercially unviable.

The Tamil Nadu government's decision to levy 30 per cent entertainment tax over and above the Goods and Services Tax (GST) rate was facing stiff opposition from all quarters.

"This move of double taxation by Tamil Nadu government will not only defeat the very purpose of introducing GST as a progressive 'One Nation One Tax" regime but shall also make the industry commercially unviable leading to closure of cinema halls and loss of jobs," Kapur said in a statement.

Theatres across Tamil Nadu have been shut in protest against the high tax rate.

On behalf of the Guild, Kapur has made a fervent request to the K. Palaniswami government and also other state governments.

"Not to impose additional Local Bodies Entertainment Tax (LBET) on films pertaining to any language over and above the GST which is already in the highest slab of 28 per cent," he said.


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

Submit your comments...
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
KCICAI hosts event on “Importance of Healthy Sleep Habits”

The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) recently organized a thought-provoking event ...

IDAK Inaugurates Scientific Activities with Study Club

The Indian Dentists Alliance in Kuwait (IDAK) commenced its scientific endeavors for the term with the first study club ti...

IBPC Honors Academic Excellence at Meritorious Awards Ceremony

The Indian Business and Professional Council (IBPC Kuwait) held its esteemed 'Meritorious Awards' function at the SIMS sch...

Remembrance meeting organized in memory of Raju Zakharia

Thanima Kuwait organized a memorial meeting with the memory of the late Raju Zacharias, who was a hardcore member of Thani...

Nandhanam Kuwait Hosts

Nandhanam Kuwait Hosts "Rangapravesham 2024" Showcasing Rich Indian Cultural Heritage Nandhanam Kuwait presented "Rangapr...

go top