Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit :: list of goods taxed at 4% :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: articles on VAT and GST in India
« Service Tax »
 Do you know which 80C instruments can help you save tax and carry no future tax liability?
 E-way relief, for now, to e-commerce, courier firms sending small orders
 Where to invest for saving more on taxes
 A simpler GST can become a registry of all invoices, says iSPIRT’s Sharad Sharma
  Income Tax department may defend CPC in returns fraud case
 One GST rate not possible, next reform after compliance improves,
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
  GST Network simplifies returns filing process
 Why is the successful roll-out of the e-way bill necessary?
 How service tax became revenue lifeline for the Govt
 Three simple tricks to save income tax without investing fresh funds

As Govt. plans to impose GST, Film industry cries foul
December, 02nd 2010

Dark days are ahead for Bollywood and Tollywood what with a proposal by the Centre to impose goods and services tax (GST) on films that will cripple the industry.

"This is a very serious issue. If Parliament clears it, no filmmaker can end up making money," leading Bollywood producer Yash Chopra said even as other filmmakers nodded in agreement.

Chopra was speaking at the 'Media and Entertainment Business Conclave-Frames 2010' organised by Ficci in Hyderabad.

"The very future of the film industry appears to be bleak. The proposed amendments if made into law will have a crippling effect. Apex chambers of commerce like Ficci should take up the cause of the film industry," Yash Chopra said.

Tollywood producer Allu Aravind, while agreeing with Chopra, also pointed out additional problems. " Industrial Development Bank of India (IDBI) has suddenly stopped giving loans to corporate entities for making films. For the last few years, IDBI had been funding film production, but has now stopped it.

This is because of the reneging of loans by some. Why should the entire industry be punished for this," he asked. He also spoke about how cumbersome the VAT was. He said VAT was to be paid even when the processed film was going out of the laboratory.

Media baron Ramoji Rao said that there was no doubt that the film industry was being given a 'step-motherly treatment' by the government. "The taxation system is punitive. Even the concessions that they give to some low budget films have riders," Rao said. However, he said he was an 'optimist' and saw a bright future for the industry and exuded confidence that it could survive provided it adapted to circumstances. He proposed that there should be 'smaller and smarter' cinema theatres in every locality to make cinema more accessible to people. "What is all the more important is that films should have the right content," he said.

Film producer D Suresh Babu spoke of taxation issues affecting the film industry.

The 'young turks' of the Telugu film industry, as they called themselves, said there was a bright future for the industry.

A panel comprising actors Sumanth, Allu Arjun, Vishnu Manchu, Laxmi Manchu and Tapasee said that while adoption of new technology would take the film industry places, what was more important was that actors and technicians should get trained before entering the film industry.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions