BREAKING NEWS

Monday, November 1, 2010

Tollywood producers will pay VAT on film prints

Tollywood filmmakers will now have to pay VAT (value-added tax) on film prints .

The state government's new move will put extra burden on the reeling Telugu film industry. The state government wants producers to pay `40,000 on every print they generate. The local film industry is shocked with this additional expense.

The apex body held some discussions late on Friday, but are still confused, whether the VAT will be imposed for each film or a print. "If it is levied on each print, we will be doomed," says a member

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