1 Updates
Bollywood likely to go on strike over service tax
Photo Credit: INDRANIL MUKHERJEE, Getty Images

Bollywood likely to go on strike over service tax

Jan 15 2013, 6:30am CST | by

Mumbai, Jan 15 (IANS) Bollywood is likely to call for a strike to protest against the government's decision to levy 12.36 percent service tax on film and television actors.

Mumbai, Jan 15 — Bollywood is likely to call for a strike to protest against the government's decision to levy 12.36 percent service tax on film and television actors. "We are in a process of...

Filed under: news

Full Story below YouTube Videos

 
 

 

1 year ago

Bollywood likely to go on strike over service tax

Jan 15 2013, 6:30am CST | by

Mumbai, Jan 15 (IANS) Bollywood is likely to call for a strike to protest against the government's decision to levy 12.36 percent service tax on film and television actors.

Mumbai, Jan 15 — Bollywood is likely to call for a strike to protest against the government's decision to levy 12.36 percent service tax on film and television actors.

"We are in a process of deciding that if we have to call for a shut down. It's not our choice, we are compelled to do so. We are having a meeting soon and then we will decide about it," Mukesh Bhatt, president of the Film and Television Producers Guild of India, told IANS.

According to producer Ramesh Taurani, man behind films like "Ajab Prem Ki Ghazab Kahani" and forthcoming thriller "Race 2", producers are meeting Wednesday to discuss the issue.

"Tomorrow (Wednesday) all the producers will have a meeting where we will have to find a solution to the problem. It's an additional burden on us and we can't handle this anymore," he said.

The service tax is effective from this month and film and television actors will be charged 12.36 percent service tax on their earnings from film, TV shows and endorsements. The indirect tax will be in addition to their income tax and the producers believe that they will have to bear the brunt of it.

The new tax news has come as a dampener for the Indian film industry, which is celebrating its century this year.

"It saddens me that in the 100th year of Indian cinema, we should be celebrating, but how can one celebrate with this burden and the insensitivity of the government (towards film fraternity)," said Bhatt.

"I am extremely saddened (with the service tax decision) and we can't take this burden anymore. The war is still on and we are looking at a negotiation with the government. The government has no feelings towards the Indian film fraternity," he added.

Down south, on Jan 7, the leading actors, directors, theatre owners and others went on a hunger-strike in Chennai demanding the service tax be scrapped. Tamil superstar Rajinikanth too joined the day-long protest.

Bhatt feels profits earned by filmdom are akin to tobacco and alcohol industries.

"If we go by the statistics, the amount earned by the films is as high as that off tobacco and alcohol. Ours is a creative team so my request is that to the Government is don't look at us at the same way we are not injurious to health."

In case of strike, which may be called some time next month, there won't be any release during that period.

Director of "Ready", Atul Agnihotri said: "Of course, it's a burden but we are still making films because we don't have a choice. But I am sure many producers are working on this issue and soon there shall be a change."

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Jacksonville Law Firm Honored as a &quot;Company with Heart&quot;
Jacksonville Law Firm Honored as a &quot;Company with Heart&quot;
High Profile Personal Victims' Rights Lawyer John Phillips Received Award for Charitable Giving.
 
 
Ultriva CEO Explains Lean Manufacturing Requires Supplier Replenishment
Cupertino, CA, April 20, 2014 --(PR.com)-- Often overlooked in lean manufacturing initiatives is the supply chain, in particular supplier replenishment. In the current company blog, Ultriva’s CEO, Narayan...
 
 
Brakes India Limited Selects VIMANA by System Insights to Increase Productivity and Reduce Costs
Brakes India Limited Selects VIMANA by System Insights to Increase Productivity and Reduce Costs
 
 
Jerry List to Present at QC Software Webinar: WCS Versus WMS Picking the Right Solution
Cincinnati, OH, April 20, 2014 --(PR.com)-- Tuesday, June 10th, Jerry List, VP of QC Software, will present a webinar titled, “Warehouse Control Systems (WCS) versus Warehouse Management Systems (WMS)…How...
 
 
 

Latest from the Network

Jacksonville Law Firm Honored as a "Company with Heart"
Jacksonville, FL, April 20, 2014 --(PR.com)-- Three years ago, Jacksonville-based 904 Magazine introduced its "Companies With Heart" honor with the simple goal of recognizing Northeast Florida businesses...
Read more on Sport Balla
 
Jacksonville Law Firm Honored as a "Company with Heart"
Jacksonville, FL, April 20, 2014 --(PR.com)-- Three years ago, Jacksonville-based 904 Magazine introduced its "Companies With Heart" honor with the simple goal of recognizing Northeast Florida businesses...
Read more on Business Balla
 
Analysts Think iPad Sales Have Peaked
The holiday season saw a large jump in sales for iPads and iPhones alike, but analysts are now saying that they believe we have reached the peak of iPad sales.According to over 30 analysts who were surveyed, they are...
Read more on Apple Balla
 
Samsung Now Claiming Apple’s Patents Are Worthless
As the Apple and Samsung trial continues, there are arguments on both sides regarding the true value of the patents that Apple purchased leading up to the release of the iPhone. The experts that Samsung has brought in,...
Read more on Apple Balla
 
How Apple Dodged Heartbleed
Back in 2001, Apple already had problems with OpenSSL and decided that they were going to start moving away from it. Of course, this was long before Heartbleed was known, but they had already switched to Common Data...
Read more on Apple Balla
 
Why Silence Isn't Censorship In Games Like 'Hearthstone'
There are few controversial aspects to Hearthstone, Blizzard’s beloved free-to-play collectible card game which recently just saw an iPad release, but one source of contention involves how players interact with each...
Read more on Apple Balla
 
Ultriva CEO Explains Lean Manufacturing Requires Supplier Replenishment
Cupertino, CA, April 20, 2014 --(PR.com)-- Often overlooked in lean manufacturing initiatives is the supply chain, in particular supplier replenishment. In the current company blog, Ultriva&#8217;s CEO, Narayan...
Read more on Business Balla
 
Brakes India Limited Selects VIMANA by System Insights to Increase Productivity and Reduce Costs
Berkeley, CA, April 20, 2014 --(PR.com)-- System Insights is rapidly expanding its customer base across discrete and process manufacturing industries including companies in Aerospace, Automotive, Electronics,...
Read more on Business Balla
 
Jerry List to Present at QC Software Webinar: WCS Versus WMS Picking the Right Solution
Cincinnati, OH, April 20, 2014 --(PR.com)-- Tuesday, June 10th, Jerry List, VP of QC Software, will present a webinar titled, &#8220;Warehouse Control Systems (WCS) versus Warehouse Management Systems (WMS)&#8230;How...
Read more on Business Balla
 
TraceGains May 15th Webinar Provides Manufacturers Support with GFSI
Westminster, CO, April 20, 2014 --(PR.com)-- TraceGains is offering a highly requested webinar addressing the impetus for creating the Global Food Safety Initiative (GFSI), its benefits, and basic steps to support...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla