Effects of GST on small budget films
THE MINISTER OF STATE IN THE MINISTRY OF INFORMATION AND BRAODCASTING [COL. RAJYAVARDHAN RATHORE (Retd.)]
The schedule of GST rates for service as approved by GST council provides that 28% with full Input Tax Credit (ITC) has been levied on exhibition of cinematographic films. However, in 16th meeting held on 11.06.2017, the GST Council has decided to levy 18% with full Input Tax Credit (ITC) on admission of cinematographic films where the consideration for admission is Rs. 100 or less.
There is no plan scheme of Government of India for promotion of films and documentaries. Screening of films in theatres is under the purview of State Governments. The I&B Ministry holds documentary Film Festival once every two year and award the best documentaries