Cinema-goers across the country can now hope to find some relief as the Goods and Services Tax (GST) on cinema tickets was slashed by the Government of India.
The decision was announced in the 31st meeting of the GST Council which took place in New Delhi on Saturday. The meeting which was convened with an aim to bring down the highest ceiling of GST to 18 percent from the present rate of 28 percent, saw the attendance of representatives from all Indian states and union territories.
The GST on cinema tickets priced above Rs 100 has been reduced from 28 percent to 18 percent and the GST on cinema tickets priced below Rs 100 has been slashed from 18 percent to 12 percent. Apart from movie tickets, many other items also saw tax rate cuts. The full list of the items whose GST were slashed are given below.