Pranab Mukherjee exempts Indian Film Industry from service tax


Pranab Mukherjee

MUMBAI: In the parliament budget speech Indian Finance Minister Pranab Mukherhjee, has in today’s session, provided an incentive to Bollywood.

"From Raja Harishchandra to Ra.One the Indian film industry has helped to unify the country and hence I am exempting it from Service tax," quoted the Minister.

This should provide a boost. Some movie services – including negatives and copyright related to cinematography exempted. Stay tuned for more.