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Maharashtra government has exempted the transfer of copyright of films from Value Added Tax, relating to their exhibition in theatres. This was announced by Maharashtra’s finance minister Shri Ajit Pawar while presenting the state budget in the Legislative Assembly on 23rd March, 2011. Previously a producer had to pay VAT while giving the film print to a distributor for release. While the new move could result into huge savings for filmmakers. Reports state that this move will cost the state Rs. 100 crores which it would have earned from this tax.
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