Movies

Karnataka budget reduces theatre show tax, composition tax

BANGALORE: Karnataka Dy. CM and State finance minister Siddharamaiah has brought down the rates of Show Tax and composition tax paid by theaters, besides announcing sops for children films while announcing the state finance budget.

 

Show tax and Composite or Composition tax has been cut by around 50 per cent across various thicket price slabs and population size of the place where the Cinema theater is located. The benefit if passed onto the viewer would be just 10 or 20 paise, but distributors, exhibitors and producers would definitely have a reason to smile about.

 

 

The industry main demand of a subsidy of Rs 7,50,000/- for every Kannada film has not been met with. Minister Siddharamaiah has announced Rs 2.5 million subsidy for 2 of the best children films while maintaining a subsidy or Rs 1 million for 20 of the best Kannada films. He has also included all award winning Kannada films in the subsidy ambit.

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