Search results
Results from the WOW.Com Content Network
The total tax in Maharashtra is 45% as entertainment tax, 5% VAT on non theatrical and in addition there is a stamp duty on the agreements entered in Maharashtra. The VAT on theatrical was waived from May 2011 but there is still a past issue from 2005 to 2011 which the government is yet to exempt.
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
Sagar Pictures Entertainment ₹ 13.5 crore (US$1.6 million) 35 Lokmanya: Ek Yugpurush: 2015 Neena Raut Films ₹ 13 crore (US$1.5 million) [118] 36 Boyz 2: 2018 Everest Entertainment, Supreme Motion Pictures, Ekvira Productions, L.V.Shinde Group ₹ 13 crore (US$1.5 million) 37 Bucket List: 2018 Dharma Productions ₹ 12.1 crore (US$1.4 ...
Recently some cinemas, (often interchangeably called "theatres") have been forced to shut shop due to the high entertainment tax (which stands at 55%), that results in huge losses. Since 2000, 50 cinemas have shut down in the city. Mumbai is known for its entertainment industry so
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.
UPDATED with statement from California Employment Development Department The state of California has warned entertainment industry payroll providers and others that it is implementing policy ...
Wockhardt Headquarters Essar Group Headquarters ICICI Bank at Bandra Kurla Complex. Mumbai is one of the top ten largest trading centres in the world in terms of global financial flows, generating ca. 6.16% of the Indian GDP and accounting for 25% of industrial production, 70% of Indian maritime trade and 70% of capital transactions to the Indian economy.