GST cut on movie tickets likely to give impetus to industry: In the Goods and Services Tax (GST) Council meeting held on December 22, 2018, the government has reduced the GST rate on cinema tickets costing more than Rs. 100 to 18% from 28% and for tickets below Rs. 100 to 12% from 18%. The new GST rates are likely to be implemented from January 1, 2019. With...