After Kamal Haasan, Boney Kapoor speaks on new GST rate: Hoping it’ll be a boon than a debating point

Boney Kapoor who has been producing films for past 20 years and is the name behind hits like Mr India, Pukar, Company, No Entry and Wanted, admitted that the 28 per cent tax slab will have an affect on the producers from Bollywood and regional industries.

Written by Priyanka Sharma | Mumbai | Published:June 3, 2017 4:45 pm
kamal haasan, boney kapoor gst, kamal haasan gst, kamal haasan boney kapoor image Boney Kapoor expressed his opinion on GST over which Kamal Haasan sparked a debate on Friday. 

On Friday, when Tamil superstar Kamal Haasan said that he would be forced to quit films if the new Goods and Services Tax rate is not slashed by at least half, he sparked a debate over its affect on the Indian entertainment industry. GST or Goods and Services Tax is set to be launched next month and aims at replacing a tangled web of central and state levies with a single tax. For the film industry, the entertainment and services taxes will be replaced by a single 28 per cent slab.

The entertainment and other taxes vary in different parts of India. For Hindi films, 28 per cent is a drop from the current rate in cities like Mumbai. Haasan’s argument is that regional films, Bollywood movies and Hollywood cannot be placed on the same slab. He added that this rate will ruin regional films.

Today, at the trailer launch of his upcoming production MOM, producer Boney Kapoor was asked for his opinion on the new rate. Boney, who has been producing films for past 20 years and is the name behind hits like Mr India, Pukar, Company, No Entry and Wanted, admitted that the 28 per cent tax slab will have an affect on the producers from Bollywood and regional industries. He added that various filmmakers’ associations have been talking to the respective state finance ministers to discuss its implementation.

“Definitely producers’ bodies will be affected whether its from Mumbai or Chennai, Hyderabad, Bengal. All producers’ association are talking to the finance ministers of their respective states. And I hope that it would be a constructive move and we should look at the positive aspect of this and hopefully this act would prove the boon rather than a debating point for us,” Boney said.

Also present at MOM trailer launch was its main cast, including Sridevi and Nawazuddin Siddiqui. When Nawaz sas asked about the effect of GST, he joked, “This is a very technical question. I don’t even know how much tax is deducted.” GST, India’s biggest tax overhaul, is set to debut on July 1. A small list of goods will be exempt from taxes while the rest will be taxed at the approved rates of 5, 12, 18 and 28 per cent.

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  1. P
    pradeep Rajgarhia
    Jun 4, 2017 at 9:57 am
    Very high rate
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    1. H
      Hyderabadi
      Jun 4, 2017 at 9:29 am
      get lost Kamal Hasan , Its entertainment tax and not on basic amenities ..you guys earns in crores,..and should pay tax for betterment of society ..you are not highly intellectual to teach us what is wrong and what is not
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      1. A
        Amit Mukhopadhyay
        Jun 4, 2017 at 12:21 am
        Why not make an action filim called "GST"?
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        1. N
          Nizamuddin Ansari
          Jun 3, 2017 at 9:45 pm
          sarkari chamche
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          1. C
            C K
            Jun 3, 2017 at 9:36 pm
            Earning on each films criss 50-100 Cr and above and reached 400 Cr or more. All film staffs right from producer, director, spit boy etc enjoy their life than anybody else. They can even marry 2-3 or more time. Then why not these guys psy tax. They do not spent from their pocket. It is all collected from us. Make a habit to pay tax whether it is KH, BK OR Sachin tendulkar
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            1. S
              seshadri
              Jun 3, 2017 at 9:35 pm
              The current rate of GST for cinema is too low to be triple the times.
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              1. S
                seshadri
                Jun 3, 2017 at 9:33 pm
                U people run away from. wont act Good news for the citizens. Do it society will prosper. Medias are continuously spoi society. A regulation is the need of the hour. You wont object sel tickets at Rs.2000 at the opening day and they pay tax only for fixed rates. Won't it amounts to indirect or direct scam? People shoud avoid longevity for money? It is the place where Kali is sitting it is sixth place?
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                  sagar
                  Jun 3, 2017 at 9:03 pm
                  Even GST on chappal, garments, biscuits are too high. How The FM fixed GST Slab god aloe knows, One must be common citizen, aam admi to fix GST rates
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                    sagar
                    Jun 3, 2017 at 8:55 pm
                    Does the finance minister not know how to fix GST? How many people in this country would teach him? Look at common purchaseable goods like biscuits, garments, chappals, consumers are not bollywood, hollywood people to purchase necessities at exhorbitant rates> Always foo people is our FINANCE MINISTER. What to tell him, did he never experience hardships in life?
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