Chennai, 31 May (H.S.): The Tamil Nadu government has announced a significant reduction in entertainment tax on films, cutting the tax rate by half. This move is expected to benefit the film industry and cinema-goers alike. The decision was made as part of the government's efforts to boost the entertainment sector and promote the state's film industry.
The reduced tax rate will make movies more affordable for audiences, potentially leading to increased ticket sales and revenue for cinema owners and filmmakers. The film industry has welcomed the move, citing it as a much-needed boost to the sector. The government's decision is seen as an attempt to revive the industry and make Tamil Nadu a more attractive destination for filmmakers and audiences alike.
The entertainment tax cut is expected to have a positive impact on the state's economy, generating more employment opportunities and increasing revenue for the government through increased ticket sales. The move is also likely to promote the growth of multiplexes and single-screen theaters in the state, further enhancing the cinematic experience for audiences.
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Hindusthan Samachar / Dr. R. B. Chaudhary