The Times of India reports: It seemed great news for Mumbai's rock music aficionados when they heard that international band Aerosmith was set for a June 2 performance in the city. Then came the disappointing news that the band would be giving the city the skip, in favour of Bangalore. And that's not all. British rock groups Iron Maiden, Deep Purple and Jethro Tull also gave Mumbai the skip — all thanks to the entertainment tax in Mumbai. But can the tax structure bear the sole brunt of the blame, or are there other reasons?
To rewind a little, event management companies promoting music concerts had suffered a setback because of the tax on admission rates and on sponsored events, which had led to a near complete closure of live entertainment in the city. Adding to it is the rule which makes organisers pay on complimentary tickets issued. The contrast in policy is evident in comparison with other states — Tamil Nadu and Andhra Pradesh have no entertainment tax at all, while Karnataka, New Delhi, West Bengal and Goa have reduced tax rates to 10, 20, 20 and 15 per cent respectively.
To rewind a little, event management companies promoting music concerts had suffered a setback because of the tax on admission rates and on sponsored events, which had led to a near complete closure of live entertainment in the city. Adding to it is the rule which makes organisers pay on complimentary tickets issued. The contrast in policy is evident in comparison with other states — Tamil Nadu and Andhra Pradesh have no entertainment tax at all, while Karnataka, New Delhi, West Bengal and Goa have reduced tax rates to 10, 20, 20 and 15 per cent respectively.
Subscribe to:
Post Comments (Atom)
Posts
0 comments for this post