View on the Budget from Utkarsh Sanghvi, EY

01 Feb,2019

Here’s a view on the interim Budget from Utkarsh Sanghvi – Partner, Indirect Tax, Media & Entertainment, EY India: “The Government has already set up a Film Facilitation Office (FFO) for enabling a single window clearance for foreign film companies shooting in India. It is a welcome measure for Indian Films to take benefit of FFO.  Most of the permissions required from Central and State Government agencies are expected to be received from a single online application.

From January 2019, GST rate on film tickets costing less than Rs 100 was reduced to 12% from 18% and tickets costing more than Rs 100 was reduced to 18% from 28%.  The art and cultural champion services sector was positively recognised by GST Council by reclassifying the entertainment service from luxury and sin bracket of taxation to standard rate schedule.”

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