FEFSI thanked Minister “D Jayakumar” for insisting the Central government in reducing the GST rates for ticket prices. Jayakumar took part in the GST council meeting and strongly insisted on cutting down the ticket prices and as a result, 28% of GST is reduced to 18%. FEFSI leader “
R K Selvamani
” stated that although they requested for a 5% GST or a complete tax exclusion, the effort by the Tamilnadu government is appreciable. FEFSI still hold their stand of 5% GST, as the current GST price affects a lot of employees. However, they thanked the Minister for his efforts.
Meanwhile, Chrompet Vetri Cinemas reduced the ticket price after the announcement of GST. Here is the price reduction list:
Balcony - Rs. 160/- reduced to Rs. 150/-
Gold - Rs. 118/- reduced to Rs. 110/-