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On July 1, prices of cable, DTH, medicines may fall, but cinema tickets, cigarettes set to pinch pocket
24-May-2017
Come July, smoking cigarettes may not pinch the pocket but cinema tickets are unlikely to become cheaper. Instead stay home and watch a movie since DTH and cable TV operators may drop their prices once the goods and services tax (GST) is rolled out. Else, catch a play or a classical dance performance.Smartphones too will cost less but those with a sweet tooth must pay for it — both pastries and cake, as also ice cream, could become dearer. Although the headline tax rate for movie tickets under GST will be 28%, they could become costlier since states are allowed to levy entertainment tax on behalf of local bodies.
News Source:- http://www.financialexpress.com/economy/gst-rollout-on-july-1-prices-of-cable-dth-medicines-may-fall-but-cinema-tickets-cigarettes-set-to-pinch-pocket/682856/
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