Published: Fri, October 13, 2017
Finance | By Loren Pratt

Ahead of Diwali, Tamil Nadu government decides to increase liquor prices

Ahead of Diwali, Tamil Nadu government decides to increase liquor prices

According to a report on CNBC-TV18, the state of Tamil Nadu more than halved the entertainment tax to 8 percent from its existing 19 percent. However, after negotiating with Chief Minister Edappadi Palaniswami on Friday, the producers' guild settled for 8 percent local body tax.

The tax rate announced earlier was 10 per cent, which was in addition to the 28 per cent Goods and Services Tax (GST).

At 15:08 hrs PVR was quoting at Rs 1,404.95, up Rs 54.60, or 4.04 percent, on the BSE. After the government announcement, which came after several days of negotiation between the producers council and theatres, the council said that the movies will be released on Diwali as planned. The total ticket price will be approximately around Rs 230.

However, 20 per cent tax will continue to be levied on non-Tamil language films and a request has been made to reconsider and cut it down, he said and added, "that request is under consideration (of the government)".

In non-airconditioned theatres other than multiplexes, the minimum will be Rs 30 and maximum Rs 80.

TNGEA leader M Anbarasu told Express, "We have demanded that the minimum pay should be fixed at Rs 26,000 but the government has given only Rs 15,700". The TFPC said food and beverage in canteens should be sold at MRP. However, after the protest of Tamil fraternity, the government revised the base price of the ticket for the first time in 10 years.

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