Entertainment tax regime should be simplified

Feb 27, 2011

EDITOR: There are a number of taxes that the entertainment industry grapples with. There is entertainment tax, service tax, VAT, etc. It gets very cumbersome to file the paperwork and interface with so many departments. In my view the entire tax regime should be simplified.

EDITOR: There are a number of taxes that the entertainment industry grapples with. There is entertainment tax, service tax, VAT, etc. It gets very cumbersome to file the paperwork and interface with so many departments. In my view the entire tax regime should be simplified.

As suggested by the film industry earlier, an anti-piracy levy should be introduced on blank CDs and DVDs so that the input cost for piracy goes high which will ultimately help control the vice. The funds so collected can be channelled to fight piracy.

The Indian film industry has immense potential and needs a push to go out there and market itself to the world. We can become a multimedia hub with cutting edge technology.

The country is also going through a broadband and mobile revolution and hence needs the support from the Government to step in and help the industry establish itself in the fields.

For example, the industry also needs a framework so that micro-payment transactions can be carried out with ease for companies as well as consumers. A tax holiday for the fledgling animation industry will also be welcome from the Government.
Hrien Kadam
girijabalan03@gmail.com
Girija

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