Mumbai (PTI): Bollywood actor Shahrukh Khan on Tuesday demanded that Value Added Tax and service tax on the entertainment industry be abolished and industry status be conferred to it.
It has become necessary to bring in entertainment industry under the ‘concurrent list’ so that it can be governed under central rules and enjoy tax concessions announced by the government from time to time, Khan said in a statement here.
At present, the entire entertainment and film industry comes under state government’ s jurisdiction as a result of which, it has not been able to enjoy the already conferred dejure industry status on it.
Shahrukh Khan would release a study on the entertainment industry on Tuesday evening highlighting the need for the removal of VAT and service tax.
The study - ‘The Entertainment & Media Hub’ is done by Associated Chambers of Commerce and Industry of India (Assocham).
Retaining the industry in the state government list deprives the tax concessions given by the Centre, Assocham said in its study.
According to the Assocham study, the media and entertainment sector would cross a turnover of Rs 1 lakh crore by 2011-12 from Rs 44,000 crore now.
The turnover of the television industry would grow by 22 per cent to Rs 51,900 crore by 2011-12 from Rs 19,100 crore, it said.
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Shah Rukh Khan, Bollywood actor and the owner of Kolkata Knight Riders had a meeting with the chief minister, Mr Buddhadeb Bhattacharjee at Writers’ Buildings and articulated concern in locating a modern cricket academy in the city. In respond, the chief minister urged the actor to take some “initiatives” in the Film sector in the state.
Nevertheless both the chief minister and Shah Rukh were reluctant to disclose the details of the meeting, officials who were present assumed that a bundle of things were discussed, the main focal point was on the cricket academy and the Film Production in West Bengal.
A senior official clued-up “Shah Rukh proposed to set up a modern cricket academy in the state. The academy will be set up on the lines of Australian Cricket Academy in Melbourne. But the discussion was very informal as no formal proposal was submitted by Shah Rukh.”
It is learnt that the chief minister invited King Khan to empower in the film industry of the state principally in the production sector. Mr Bhattacharjee explained Shah Rukh about the Kolkata Film Festival (KFF) and he invited Shah Rukh to attend the next KFF listed to be detained in November.
Shah Rukh apprised the CM that Kolkatta has a lot of talent in this sector. He informed Mr Bhattacharjee that the cameraman of his film Chak De India was from Kolkata. He also mentioned if appropriate infrastructure could be developed here, local talents would have a better platform to establish their superiority. This piece of the meeting is measured to be significant because the state government has already invited term of interest from private partners to run West Bengal Film Development Corporation in a joint venture.
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