Vastavam web: In what can be a relief to film industry and movie buffs, the government of India has slashed the Goods and Services tax on movie tickets. GST levied on cinema tickets above 100 will be reduced from the existing 28 percent to 18 percent and on tickets below 100 will be reduced from 18 to 12. This decision by government has come as a big cheer to film industry as it will benefit both filmmakers and audience. The producers guild of India has thanked the government for this progressive step which will give a big boost to the industry. Now Theatre owners should Take a decision to decrease the ticket Prices.