IBF petitions Swaraj for tax sops

NEW DELHI: Broadcasters operating in India have sought relief from the government, including tax sops.

They met information and broadcasting minister Sushma Swaraj recently under the aegis of the Indian Broadcasting Foundation (IBF) as part of a pre-Budget meeting and submitted a memorandum on the issues they want resolved. 

"The IBF members did meet me to present their pre-Budget memorandum and I have assured them that the ministry will do its utmost to have the grievances redressed," Swaraj said today, adding that the broadcasters also lauded the government's initiative on conditional access and extended help in bringing about addressability in Indian cable homes.

The three main issues that the broadcasters want resolved or looked into by the government are:

- Waiver of five per cent service tax imposed on broadcasting services 

- Lowering of customs duty on equipment meant for broadcasting

- Resolving the issues of tax that is deducted at source by the government.

According to Swaraj, while the first two issues are likely to be taken up by her during her meetings with finance minister Jaswant Singh, she advised the broadcasters to petition the Central Board of Direct Taxes (CBDT) on the last issue. 

During 2001-02, the government had levied five per cent service charge on the likes of studio and recording facilities that, the broadcasting industry had said, would have a negative impact on a sector which was still developing in India. 

Since then the issue has cropped up time and again and, earlier this year even resulted in some broadcasters like Star India and Sony Entertainment TV India refusing advertisements from companies and their agencies which did not include five per cent service tax in the release order. 

On the customs duty, the IBF's viewpoint is that the various duties levied on equipment meant for broadcasting is not at par with those meant for the IT industry, even when the same equipment was used by both the IT and broadcasting industries.

"The broadcasters felt a separate duty is levied on a equipment which they brought in , while a lower duty was levied when the same equipment was brought by the IT industry. This, according to them, was a discriminatory practice which should be removed," Swaraj said.

Latest Reads
BIG Magic acquires 'Boonie Bears' exclusive FTA rights

BIG Magic has acquired exclusive FTA rights of ‘Boonie Bears’, the No.1 and most popular animated series in China. BIG Magic has renamed it ‘Babloo Dabloo’ for the Hindi viewing audience. Babloo Dabloo airs every Monday – Sunday 10 am – 11 am & 5 pm – 6 pm only on BIG Magic

Television TV Channels GECs
PBL: Setting stage for next big thing on Indian sporting landscape

India has witnessed the emergence of a multi-sports culture over the past few years. This significant development has come on the back of a promising display by Indian sportspersons across various disciplines, the meteoric rise of home grown leagues and the consequent widening of the fan base of...

Television TV Channels Sports
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories