1 hr ago
AICWA Challenges Proposed 570 Percent Entertainment Tax Hike
The BMC wants to greatly increase the entertainment tax paid by the film industry.
The proposed increase is 570 percent.
This proposal comes before the films Ramayana and King.
The All India Cine Workers Association, or AICWA, says the taxes should be reduced.
Gupta from the association plans to meet Fadnavis on September 28.
He said the group may protest if the government does not listen.
Trade analyst Atul Mohan said it is too early to know how the proposal will affect films.
Mohan believes reported box-office figures may have made the government think the industry can afford higher taxes.
The BMC has proposed a 570 percent increase in entertainment tax.
The proposal comes ahead of the films Ramayana and King.
The All India Cine Workers Association has appealed to Maharashtra’s chief minister to reduce the taxes.
AICWA representative Gupta is expected to meet Fadnavis on September 28.
Gupta warned that the association could protest if its concerns are not addressed.
- Who
- The BMC, the All India Cine Workers Association, Gupta, Fadnavis, and trade analyst Atul Mohan.
- What
- A proposed 570 percent hike in entertainment tax and an appeal by AICWA for lower taxes.
- Where
- Maharashtra.
- When
- Gupta is expected to meet Fadnavis on September 28.
- Why
- AICWA wants the proposed taxes reduced, while Atul Mohan said the government may be reacting to reported film collections it considers high.
Film Industry Concerns
Possible Government Rationale
Proposed tax increase
Film Industry Concerns
AICWA is asking Maharashtra’s chief minister to reduce the proposed taxes and may protest if the request is not addressed.
Possible Government Rationale
Atul Mohan suggested that the government may believe the industry can afford higher taxes because of reported box-office collections.
Box-office figures
Film Industry Concerns
Mohan attributed the proposal to what he called inflated or false box-office figures reported by producers.
Possible Government Rationale
According to Mohan’s interpretation, the government may be using reported collections, including claims of films earning ₹100 crore, when assessing the industry’s tax capacity.
Key facts
- Proposed increase
- 570 percent entertainment tax hike
- Proposing body
- BMC
- Industry association
- All India Cine Workers Association
- Planned meeting
- Gupta is expected to meet Fadnavis on September 28
- AICWA response
- The association has appealed to Maharashtra’s chief minister for a tax reduction
- Potential action
- AICWA could protest if its concerns are not addressed
- Analyst’s assessment
- Atul Mohan said it is too early to speculate on the proposal’s impact
Quotes
Atul Mohan
Trade analyst commenting on the government’s perception of film-industry earnings
“I feel this happened because of the false box office collections that producers have been putting out. The government feels if the industry is raking in ₹100 crore [with a film], let’s tax them.”
timesnownews.com
“If the government doesn’t listen, the AICWA will protest. We want to request the CM to reduce the taxes.”
timesnownews.com
Sources
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