Cable TV

Four MSOs levied penalty for non-payment of entertainment tax

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/04/09/high_court.jpg?itok=lhjoZMwb

NEW DELHI: Even as Siti Cable ‘vehemently’ denied any allegation of tax evasion as alleged by the Delhi Government, similar notices were issued to three other major multi-system operators (MSOs) for paying Rs 243.77 crore as dues, due to a default in payment of entertainment tax.

While there was no official word from either IndusInd Media and Communications or Hathway Cable and Datacom, a source from Den Networks informed Indiantelevision.com that the action by the Delhi Government was a violation of a commitment given by it to the Delhi High Court that no coercive action would be taken during the pendency of a case challenging the levy of entertainment tax and vires of the Delhi Entertainment and Betting Tax Act 1996.

The source also added that an appropriate reply would be given both to the Delhi Government and in the High Court, but said no notice had been received so far and the MSO had learnt about it only from a newspaper report.

Siti Cable, which had received a similar notice for Rs 33.12 crore, had said in an official statement, that it had been depositing the entertainment tax regularly on the basis of collections. The MSO had “vehemently’ denied the allegation of tax evasion.

The matter is pending vide its Writ Petition of 2014, Siti Cable had earlier said.

According to reports, the charges levied on the four MSOs include a 100 per cent penalty and an interest on dues.

The levy is for 2013-14 and 2014-15. Den Networks has to pay just over Rs 88.81 crore, while Hathway Cable and Datacom need to pay around Rs 59 crore, IndusInd Media and Communications has been asked to pay just under Rs 52 crore for two years.

While noting that these MSOs need to file their tax every month, a Delhi Government source said that Den, Hathway and IndudsInd had between them around 2.6 million subscribers in the capital. 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/16/Tact-TV-Story_0.jpg?itok=n-2vljb_
Arasu seeks more time to go digital as it waits for STBs

Even as the deadline for it to go digital concludes tomorrow, the Tamil Nadu Arasu Cable TV Corporation has sought more time from the Information and Broadcasting Ministry.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/14/flash%20%281%29.jpg?itok=4m0L_60x
Restructuring brings Hathway to black in first quarter

Restructuring at Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) has brought for it a positive bottomline.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/14/punjab.jpg?itok=7-JPUf54
Punjab govt proposes law on outdoor advertising, decision to tax cable, DTH subs pending

Not content with exploring additional local taxes on cable and DTH connections in the state of Punjab, minister Navjot Singh Sidhu now wants to bring in a policy to increase the state government’s revenue from outdoor advertising.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/12/Untitled-1.jpg?itok=AltQ__qy
Siti Networks' operating profit more than doubles in first quarter

BENGALURU:  The Subhash Chandra led Essel group’s television cable network company Siti Networks Limited (Siti) reported EBIDTA including other income or operating profit of Rs 1,071.65 million (28.9 percent of Total Income) for the quarter ended 30 June 2017 (Q1-18, current quarter).

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/11/NXT%20Digital.jpg?itok=gvieRC4b
Hinduja Ventures PAT rises marginally Q1FY18, Nxt Digital HITS 640 districts

NEW DELHI: Hinduja Ventures Ltd (HVL)  on Thursday announced  standalone net profit after tax of Rs. 255 million for three months ended 30 June 2017 as against Rs. 242.1 million during the same period a period ago.. The net PAT for the period ended grew by 5.33 per cent. The total income for the...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/09/gtpl.jpg?itok=wwjqCwK7
GTPL Hathway reports higher numbers and flat q-o-q ARPUs

After declaring a maiden 10 percent dividend for the previous fiscal, the Indian multi-system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited has reported a year-over-year growth in standalone CATV total income of 25 percent for the quarter ended 30 June...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/03/digi.jpg?itok=EA5pHGT-
Godfather, Kal, Digi Cable & Intermedia licence cancellation stayed, 50 'pan-India' MSOs' op area changed

After a spurt till mid-June, the rise in the number of multi-system operators has shown a mild increase of 34 registrations taking the total of registered MSOs to 1455. Early this year, the government had said all provisional multi-system operators will be deemed as having regular licence.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/03/navjot-peeush-kohali.jpg?itok=T6_T2pCk
Retransmission law contravened: Sidhu, Fastway refutes 'monopoly' charge

MUMBAI Punjab minister Navjot Singh Sidhu intends to bring an ordinance for auditing the tax the previous government collected from cable operators. Putting the chief minister Capt Amarinder Singh in a fix, Sidhu has asked him to decide on recovering the ‘tax evaded’ by the MSO -- Fastway Cable...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/02/gtpl.jpg?itok=a_I6bugZ
GTPL Hathway declares maiden dividend on higher numbers for FY-17

Indian multi-system operator GTPL Hathway declared a maiden dividend of ten percent for the year ended 31 March 2017 (FY-17, current year) per equity share of face value of Rs 10. The company was listed on the bourses on 4 July 2017 after the conclusion of a Rs 4,850 initial public offering (IPO)...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories