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Bollywood producers meet to discuss service tax issue

The central government’s decision to charge film and television actors 12.36 percent service tax on their earnings from movies, serials and endorsements will come into effect from this month. As exp

Bollywood producers meet to discuss service tax issue

Yesterday, we reported how B-town filmmakers were condemning the high service tax imposed by the government. Accordingly, several producers have decided to come together today to discuss the burning issue

The central government’s decision to charge film and television actors 12.36 percent service tax on their earnings from movies, serials and endorsements will come into effect from this month. As expected, the actors are fuming with the said move, as they believe it would be an additional financial burden on them considering they are already paying income tax. So buzz is that many stars have asked the producers to bear the service tax on their behalf. This has left the producers in a fix.

“We have called for a meeting tomorrow today to discuss how we can resolve the issue and what should be done. A collective decision will be taken in this regard. It’s a burden on the industry and we have to resolve the matter by conveying our point to the government,” said President of Association of Motion Pictures and Television Program Producers, Sajid Nadiadwala, to a tabloid. We hope the association emerges victorious and comes up with a favourable verdict in the interest of the film fraternity.

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