Service-tax lifted for film Industry

The central government has lifted service tax on the film industry giving relief to the producers of film industries. Announcing this Union Finance minister P.Chidambaram in his budget speech in the parliament said, the government is lifting service tax on the film Industry. Earlier there were protests and allegations against the Government levying the service tax on the film industry. The film personalities of various industries have even held fasts against the service tax saying that it is increasing the burden on them, it was supported by big stars like Rajinikanth and others.