The goods and services tax (GST) rates on certain items including movie tickets costing up to Rs 100 have been lowered to 18 percent versus 28 percent proposed earlier. Tickets above Rs 100 will continue to attract 28 percent.
Cash transactions were at 65 percent at the ticket counter as well as on the food kiosk prior to demonetisation, which have to come down to around 30 percent currently, says Siddharth Jain, Director, Inox Leisure.