PVR and INOX to go on strike from today in Chennai!

Source : SIFY
Last Updated: Tue, Oct 03, 2017 09:45 hrs

Chennai multiplexes like PVR and INOX, which are the members of Multiplex Association of India will go on strike from today (October 3) against the additional local body entertainment tax(LBET) imposed by Chennai Corporation on top of GST.

For Tamil films, the LBET is 10% on top of 28% GST and for other language films, the local tax is 20%.

According to Multiplex Association of India(MAI), double taxation only frustrates the GST model and it’s against the principle ‘One Nation... One Tax’.

MAI feels that the double taxation will affect film industry, which is already reeling under the impact of high tax rates and piracy. Sources say that SPI Cinemas, one of the leading multiplex chains in Chennai and other multiplexes will operate as usual today and they will announce their final decision after consulting with Tamil Nadu Theater Owners Association.