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Mar 08, 2013
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‘GST set to ease tax woes of film industry’
The advent of the goods and services tax (GST) regime will sort out most of the taxation issues affecting the film industry, Manish Tewari, information and broadcasting minister, said on Friday.Addressing an Infocom-Assocham meet, Tewari said the government was considering streamlining the entire film certification process in the wake of some complaints to make it “more transparent and user friendly”.“Most of the tax issues which continue to muddle the growth of the film industry are really state-related and I think as we go into the GST regime, you would find most of these tax issues would get resolved,” Tewari said. He hailed the ongoing digitisation process as a “game changer” for all stakeholders but said, it needs to be ensured that no one feels “shortchanged” with the roll out process.
Source -
http://www.financialexpress.com
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