Name: Arvind Gautam
Country: India

Year: 2019
Volume: Volume-6, Issue-1 (January-June)
Page Number: 18-23

ABSTRACT
The Indian Government took a fundamental step in eliminating indirect taxes in India. Since First of July (2017), the Indian government applied and implemented (GST) in replacement of multiple other indirect taxes. The main motive behind GST was to bring uniformity (one nation one tax) in GST price throughout the entire nation. The new system of GST brought about a lot of openness in the indirect tax methods of our country, India. With the implementation of GST it has also helped in tracking down and to an extent eliminating tax evasion. GST has helped in removing hurdles of doing and conducting business in India. Business development in various domains has even enhanced the infrastructure and overall economic growth in our nation. GST has successfully laid the path of rapid and efficient growth in government revenue and has even helped raise and implement various gov. programs such as but not limited to Digital India (DI) and so on.
Globally, the Media and Entertainment Industry is the fifth (5th) largest industry worldwide. The Entertainment Industry is far-reaching and widespread and it is soon over taking several other business sectors as well. This particular industry has a Rapid Growth Curve (RGC). The Entertainment industry is considered in the tertiary sector of the Indian economy, and it also houses a vast number of sub-industries included as a sub part to the entertainment industry. Humans have always seen media and entertainment as one of the crucial and fundamental methods of relaxing and taking time off from major daily activities.
The Indian media and entertainment industry is a ever rising sector, with a rapid growth curve. In this paper, the tax rates before Goods & Service Tax (GST) and after GST in the media and entertainment industry has been analyzed in order to understand whether it has become more unaffordable or not. This paper also discusses the existing tax structure and the impact of GST on various players in the Media and Entertainment industry.

KEYWORDS GST, VAT, Tax Structure, Rapid Growth Curve, Tertiary