360° Coverage : Bollywood likely to go on strike over service tax

11 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

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

 
Update
11

3 weeks ago

Baring Asia in talks to buy major stake in CMS - sources

Nov 5 2014 3:32am CST | Source: Reuters India

MUMBAI (Reuters) - Baring Private Equity (Asia) is in advanced talks with Blackstone Group LP to buy a controlling stake in Indian cash management services firm CMS Info Systems, three sources with dir ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
10

3 weeks ago

RIL says considering divestment of Eagle Ford midstream business

Nov 5 2014 1:09am CST | Source: Reuters India

MUMBAI (Reuters) - Reliance Industries Inc on Wednesday said it had agreed to consider the divestment of its Eagle Ford Shale midstream joint venture with partner Pi ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
9

3 weeks ago

Advisory - Markets closed on Tuesday for holiday

Nov 3 2014 6:11pm CST | Source: Reuters India

MUMBAI (Reuters) - Stocks, bonds and currency markets will be closed on Tuesday for a holiday. Trading will resume ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
8

3 weeks ago

Actor Sadashiv Amrapurkar passes away in Mumbai

Nov 2 2014 8:43pm CST | Source: HeadlinesToday.in

He was being treated for a lung infection at Kokilaben Dhirubhai Ambani Hospital ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
7

4 weeks ago

Harley-Davidson woos affluent young Indians with bike culture

Oct 30 2014 11:50am CDT | Source: Reuters India

MUMBAI (Reuters) - Harley-Davidson Inc, battling upstart competitors in its traditional markets, says it is betting on India's young and affluent urbanites to help establish a "leisure riding" culture there and boost sales of its first new bike in over a de ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

4 weeks ago

Bharti Q2 net profit more than doubles

Oct 30 2014 6:30am CDT | Source: Reuters India

MUMBAI (Reuters) - Indian mobile carrier Bharti Airtel said second quarter net profit more than doubled to 13.83 billion rupees ($225 million), from 5.12 billion rupees a year ago, beating analysts' estimates as the country's top telecom operator added more subscribers for its mobile data services. ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
4

4 weeks ago

Court to let DLF sell fund investments, providing relief

Oct 30 2014 5:47am CDT | Source: Reuters India

MUMBAI (Reuters) - An appeals court on Thursday paved the way for DLF, the country's biggest property developer, to sell its mutual fund investments, providing relief to a debt-laden firm reeling after regulators stopped it tapping capital markets for three years. ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
3

4 weeks ago

Cipla asks government to revoke Novartis patents on respiratory drug

Oct 30 2014 4:21am CDT | Source: Reuters India

MUMBAI (Reuters) - Generic drugmaker Cipla Ltd said on Thursday it had requested the government to revoke five patents held by Swiss firm Novartis AG on respiratory drug Onbrez, to boost its access in the I ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
2

4 weeks ago

ICICI Bank Q2 profit rises 15%, beats estimates

Oct 30 2014 2:56am CDT | Source: Bridgeville Public Library

Net profit rose 15 per cent to Rs 2,709 crore ($440.88 million) for its fiscal second quarter ended September 30 from Rs 2,352 crore a year earlier, the Mumbai-based lender said in a st ...
Source: Bridgeville Public Library   Full article at: Bridgeville Public Library
 

 
Update
1

4 weeks ago

Chennai vs Mumbai, ISL LIVE: Nicolas Anelka set for City debut

Oct 28 2014 8:16am CDT | Source: HeadlinesToday.in

French striker Nicolas Anelka will be eager to turn things around for the struggling Mumbai City FC when he takes the field against Chennaiyin FC in the ISL ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 

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

Germany unveils special jet to transport Ebola patients
Berlin, Nov 28 (IANS) The German government unveiled Thursday at Berlin's Tegel Airport a special medical evacuation plane, which is designed to transport patients infected with Ebola.
 
 
OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.
 
 
18th Saarc Summit concludes with one pact, several understandings
Kathmandu, Nov 27 (IANS) The 18th South Asian Association for Regional Cooperation (Saarc) Summit concluded in Kathmandu Thursday with the adoption of a 36-point Kathmandu Declaration.
 
 
British supermarkets sold contaminated chicken
London, Nov 27 (IANS) Eight of the every 10 fresh chickens bought from British supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said.
 
 
 

Latest from the Network

OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level. The decision to...
Read more on Business Balla
 
12 killed in bus accident in Egypt
Cairo, Nov 28 (IANS) At least 12 people were killed and three others injured Thursday as a passenger bus overturned into a canal in Egypt's Beni Sweif province, around 120 km south of the capital Cairo, media reported...
Read more on Politics Balla
 
Explosions, gun fire rock Kabul diplomatic enclave
Kabul, Nov 27 (IANS) Two explosions followed by gunfire rocked the diplomatic enclave here Thursday night, a security officer said. The area of the blast is close to the Tajikistan embassy. The incident occurred in...
Read more on Politics Balla
 
Saarc leaders' wives ladies go sight-seeing at Bhaktapur
Kathmandu, Nov 27 (IANS) While the Saarc leaders conferred on regional matters at the tourist resort of Dhulikhel, their wives drove to the World Heritage Site of Bhaktapur to enjoy the sights of the ancient city. The...
Read more on Politics Balla
 
Maria Shriver 'disgusted' by Miley Cyrus's party
Patrick Schwarzenegger's mother was ''disgusted'' by Miley Cyrus's birthday celebrations. Maria Shriver - who, along with Arnold Schwarzenegger, are the parents of the 21-year-old actor - is reportedly ''very worried''...
Read more on Celebrity Balla
 
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian West and Kanye West want to do a nude photoshoot together. The couple are reportedly keen to pose naked alongside each other, after the 34-year-old 'Keeping Up With The Kardashians' star recently stripped...
Read more on Celebrity Balla