Report on Shemaroo

GST relief for media industry in the offing?

NEW DELHI: There may be some relief for the media industry for certain segments in the offing relating to goods and services tax (GST) with the government open to reviewing certain norms.

According to government sources, petitions from the media and entertainment industry has moved the government to review norms relating to sponsorship services by corporates and other bodies where reverse charge mechanism was not allowed.

Reverse charge mechanism (RCM), which is one of the contentious issues raised late last year by some of the TV channels, has now been suspended until 30 June 2018 according to the sources.  The government is also looking at instituting a group of ministers (GoM) to look into RCM and its relevance in GST.

GST, which was welcomed by most sections of the Indian business, has, however, resulted in increased paperwork and spends on manpower for most media companies.

Earlier, it had been envisaged that GST --- dubbed as one nation, one tax by the PM Modi government --- would reduce the taxation burden on corporate houses and reduce multiplicity of taxes. It had also been envisaged that taxation on entertainment, cable and DTH services would come down under the GST regime as the entertainment tax levied by states would be subsumed in the GST.

However, after GST was rolled out from April 2018, most companies,  including those in the media and entertainment sector, realised that GST compliance came with a price and, subsequently, a few states like Punjab have gone on to levy entertainment tax, which, in a way, has neutralised many of the benefits of GST.

Also Read :

GST: TV prod biz bemoans lack of clarity and increased paperwork

Under GST, taxes on cable, DTH & entertainment services to come down

GST on set-top boxes & optic fibre down to 18%

Latest Reads
Republic TV playing victim, can’t seek transfer of TRP scam probe: Mumbai police

The Mumbai police has charged that Republic TV, embroiled in the fake TRPs scandal, is trying to play “victim” and attempting to transfer the probe to the CBI while it is not named an accused before the trial court.

Television TV Channels Viewership
Vivo IPL 2021 returns home, will begin in Chennai from 9 April

The stage is finally set for one of the biggest cricketing events to begin. The Indian Premier League (IPL) governing council has announced the schedule for Vivo IPL 2021 to be held in the country from 9 April.

Television TV Channels Sports
'Potential to undermine media freedom': Editors Guild on new IT rules

The Editors Guild of India has raised concerns about the Indian government’s new Information Technology rules, saying they will “fundamentally alter” and put “unreasonable restrictions” on digital media.

Television TV Channels News Broadcasting
SUN TV Network announces 'Evaru Meelo Koteeswarulu' on Gemini TV

As a part of its 26th year celebrations, SUN TV Network’s Telugu GEC Gemini TV is all set to broadcast Evaru Meelo Koteeswarulu – the Telugu version of the historic Who Wants to be a Millionaire, a show that was aired in 120 countries, elevated and changed the lives of many ordinary people, making...

Television TV Channels Viewership

Republic Media Network’s Editor-in-Chief Arnab Goswami is proud to formally announce the launch of Republic Bangla-- the Network’s hugely-awaited Bengali news channel. Republic Bangla will go live on-air on 7th March 2021 at 8 am.

Television TV Channels News Broadcasting
Empowering women with extra-ordinary short films on ShortsTV

This International Women’s Day, ShortsTV celebrates women who strive to make the world a better place to live in. Available on platforms such as Tata Sky, Dish TV, d2h, Airtel DTH, and Airtel Xstream, ShortsTV has a line-up of movies that embraces female empowerment.

Television TV Channels Viewership
Delhi HC stays PCI’s order regarding ad in Hindustan newspaper

The Delhi high court stayed a directive passed by the Press Council of India (PCI) to government departments, which had effectively stopped government advertisements in some editions of the Hindi daily, Hindustan.

Television TV Channels News Broadcasting
TRP scam: Interim relief to Arnab Goswami extended till 16 March.

The Mumbai police has told the Bombay high court that its assurance of not taking any coercive action against Republic TV's editor-in-chief journalist Arnab Goswami in the TRP scam case will continue till 16 March, news agency PTI reported on Friday.

Television TV Channels Viewership
News18 India gears up for West Bengal elections with ‘Sabse Bada Dangal’

New Delhi: With days left for the crucial West Bengal assembly elections, television news channels are gearing up to shore up viewership on their poll coverage. Amid the intense competition, News18 India has announced an array of programming under its election based viewer engagement campaign ‘...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required