GST rate on movie tickets below ₹100 lowered from 28% to 18%

Finance Minister Arun Jaitley on Sunday announced that the GST Council has lowered the tax rate on movie tickets costing ₹100 and below to 18%, as against 28% proposed earlier. However, movie tickets costing over ₹100 will continue to attract 28% GST. Notably, the Council has reduced tax rates for 66 items after receiving representations for 133 items.