Summary:
According to the records at the non-tax revenue wing of the Corporation, October witnessed an entertainment tax revenue collection of ?1.1 crore. The city Corporation, which has been seeing a drastic fall in its entertainment tax revenues this past month, would also have something to cheer. For each ticket sold, the entertainment tax component comes to 25 per cent of its value, which accrues to the local body. “Yes, the entertainment tax revenues have taken a hit. Compared to the preceding months, the entertainment tax collection had fallen by around 35 per cent in December, when new releases where held up due to the standoff between the exhibitors’ federation and the producers..