Remove Value Added Tax, says Shah Rukh Khan

Remove Value Added Tax, says Shah Rukh Khan
Wednesday, May 28, 2008 11:30 IST
By Santa Banta News Network
Bollywood actor, Shah Rukh Khan has asked the Centre to remove the Value Added Tax (VAT) and Service Tax on the entertainment industry and sought the conferment of de-facto industry status today.

Khan said that it is imperative to bring the entertainment industry under the "Concurrent List" so that it can be governed by Central rules and enjoy tax concessions announced by the latter from time to time.

At present, the entire entertainment and film industry comes under State Government's jurisdiction because of which, it is unable to enjoy the dejure industry status conferred on it.

Khan would release a study on the entertainment industry this evening, highlighting the need for the removal of VAT and Service Tax.

The study has been done by the Associated Chambers of Commerce and Industry of India (Assocham).

In the study Assocham said, "Retaining the industry in the State List deprives the tax concessions given by the Centre."

Assocham has also called for the enactment of the Optic Disc Law to combat piracy. Such a law has been introduced in Malaysia and Hong Kong and the results have been encouraging.

The Government has set up five groups on piracy, taxation and custom duties, exports of films, promotion, development and marketing for films.

The Central Excise department under the Finance Act of 2007 has issued notices for the recovery of Service Tax from the industry in cases of renting, leasing and letting out immovable properties.
Harshvardhan Rane and Sadia Khateeb's Stirring Chemistry Unveiled in the Motion Poster of Omung Kumar-s Romantic Drama - 'SILAA'!

Zee Studios, Blue Lotus Pictures, and Stark Entertainment in association with Innovations India officially

Monday, June 30, 2025
Paresh Rawal Confirms Return to Hera Pheri 3: Franchise Trio Reunited!

In a major update for Bollywood comedy fans, Paresh Rawal has officially confirmed his return to the

Monday, June 30, 2025
Samantha Ruth Prabhu's June Recap: Heartfelt Moments, Celebrity Friendships And Upcoming Projects!

Renowned South Indian actress Samantha Ruth Prabhu recently delighted her fans with a

Monday, June 30, 2025
BJP Supports Diljit Dosanjh Amid 'Sardaar Ji 3' Controversy, Calls Him a National Asset!

Punjabi superstar Diljit Dosanjh, known for his versatile talent as both an actor and singer, is at the center

Monday, June 30, 2025
Darsheel Safary gets candid about rediscovering himself through Gamerlog!

Amazon’s free streaming service, Amazon MX Player, is buzzing with praise for its refreshing new coming

Monday, June 30, 2025