GST rate will ruin cinema: Kamal Haasan

CHENNAI: Actor Kamal Haasan said he would be “forced to quit cinema” if the GST rate for the entertainment industry is not slashed by at least half. Entertainment and Services taxes will be replaced by a single 28 per cent slab, which the actor called steep. “We welcome GST and one India one tax, but this rate will ruin regional cinema,” he said. The Goods and Services Tax is all set to be launched on July 1, and aims to replace a tangled web of central and state levies with a single tax.