GPSK Tax Controversy Ends in AP
Nandamuri Balakrishna's Gautamiputra Satakarni which released for Sankranthi performed extremely well at the box office. The movie received Tax exemption from Telangana and Andhra Pradesh Government.
However, there was confusion on Tax exemption in Andhra Pradesh since the beginning and hence some of the Theaters used to charge the Tax amount. But now 100% Tax exemption for the movie in Andhra Pradesh was officially confirmed in a statement released to press. With this, there will be a slight increase in GPSK movie collections in Andhra Region and a huge release for the Buyers of the movie in that region.
Overall, the movie minted close to Rs 40 crores in Ap/Tg, USA - 6 crores, Karnataka -3.5 crores and Rest of the world - Rs 1.5 crores. The Total WW collections of the movie are Rs 51 crores.
News Posted: 5 February, 2017