new delhi spelling out a bonanza for movie and concert goers the government has agreed to slash entertainment tax rates that will bring down ticket prices the information and broadcasting ministry on wednesday announced that states had in principle agreed to a rate cutwhile entertainment tax on films has gradually been reduced from 70 to an average of about 50 we have recommended a further reduction to 2530 ib minister priya ranjan dasmunsi saidthis will give a boost to the exhibition sector and reduction of ticket rates would encourage more viewership he addedthe ministry has set up a committee that will examine differential taxation in the country and suggest a uniform rate a consensus on the issue is likely to emerge by decembera cut in entertainment tax can affect the fortunes of a film substantially says distributor sanjay mehta whose film omkara was made taxfree in uttar pradesh the films collections went up by 1520 after the tax exemption