GST Effect: How Much Tax Will Celebrities Have To Pay?
With GST implementation due tomorrow, July 1, we look at what are the effects of GST and how it affects people's lives. Celebrities have to pay more taxes from now on.
News
oi-Lalithram
By Lalithram
Goods
and
Service
Tax
will
be
applicable
all
through
the
nation,
starting
from
tomorrow,
July
1.
All
sectors
in
India
will
be
affected
by
this
move.
GST
attempts
to
eliminate
multiple
taxes
for
every
sector
and
brings
about
only
one
tax
for
everything.
It
is
more
like,
"One
country,
one
tax."
There
is
very
little
doubt
that
GST
will
not
affect
film
industry.
Apparently,
the
changes
that
GST
brings
about
will
pose
a
whole
new
problem
is
what
people
are
speculating
now.
Firstly,
the
cost
of
tickets
will
rise
for
sure.
Starting
from
the
production
of
cinema
to
its
exhibition
in
theatres,
taxes
have
to
be
paid.
Amidst
all
this
headache,
stars
and
celebrities
will
have
to
suffer
a
little
more,
especially
the
ones
who
receive
in
Crores
together
will
have
to
cough
up
a
hefty
amount
as
tax
from
now
on.
Here
is
a
list
of
all
the
stars
and
celebrities
who
will
be
affected
the
worst
from
GST.
Read
on..
Crores
Of
Rupees
As
Tax
There
are
a
lot
of
actors
and
actresses
in
Kannada
film
industry
who
receive
remuneration
for
films
starting
from
a
few
Lakhs
to
a
few
Crores
as
well.
According
to
GST
rules,
celebrities
who
earn
more
have
to
pay
up
more
taxes.
What
Is
The
Tax
For
Lakhpatis?
According
to
GST
rules,
actors/actresses
having
an
annual
income
of
below
20
Lakh
rupees
will
not
be
eligible
for
taxes.
At
the
same
time,
for
the
celebrities
earning
more
than
20
Lakhs
per
annum,
they
have
to
pay
up
a
tax
of
18%
of
their
annual
income.
What
Is
The
Tax
For
Crorepatis?
Actors/actresses
who
get
more
than
1
Crore
per
annum
should
pay
a
tax
of
18%
of
their
annual
income.
For
those
who
take
more
than
3
Crores
per
year,
then
they
are
entitled
to
submit
a
tax
of
54
Lakh
rupees.
What
About
Those
Who
Get
5
Crores
And
Above?
For
the
artistes
getting
4
Crores
per
annum,
they
have
to
pay
a
tax
of
72
Lakhs
and
for
those
who
get
5
Crores
as
remuneration,
they
need
to
cough
up
a
mind-boggling
90
Lakhs!
Some
Top
Actors
In
Kannada
Darshan
Thoogudeep,
Puneeth
Rajkumar,
Sudeep,
Yash,
Shivarajkumar,
Upendra,
Ganesh
and
a
few
others
take
very
high
remuneration
for
their
movies.