Lobby group urges GST Council to cut in-cinema F&B tax
The Goods and Services Tax (GST) Council in India will discuss a proposal to reduce taxes on food and beverages sold in cinema halls from 18% to 5%. The move is in response to complaints from the Multiplex Association of India, which represents cinema owners. Lower taxes are expected to make cinema visits more affordable and boost revenue for theatre owners. The film industry in India has been struggling to recover from the impact of the COVID-19 pandemic, with Bollywood releases remaining inconsistent and box office earnings falling short of pre-pandemic levels.
Source: livemint.com
