What is the latest GST rates on movie tickets according to latest updates on GST rates for 23 items ?
In its December 22 meeting, the GST Council decided to reexamine GST rates on 23 items as they wanted to revise tax slabs.
It was then decided that GST on 23 items, would be reduced to 18% from the prior 28%.
The 28% assessment section presently stands limited to extravagance or luxury products and sin merchandise.
To the extent, movie tickets are concerned, GST on motion picture or movie tickets costing up to RS. 100 has been sliced to 12% the before 18%. In the meantime movie tickets costing above Rs. 100 will be taxed 18%, against the prior 28%.