Telugu film industry is suffering from Value Added Tax, for the past Seven years will soon be abolished. Producers Council speaking to the media in Hyderabad Film Chamber said that Producers in the industry are financially suffering heavy burden from the past seven years. VAT is not implemented in any film industry in India other than AP.
The other day members from the Film Council under the leadership of Chiranjeevi, Suresh Babu and other seniors gave representation to the Chief Minister N. Kiran Kumar Reddy for removing the VAT and saving the film industry. They also said that they have got a positive response from the CM and VAT will be removed for Tollywood very soon.
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