- Finance Ministry to review GST rates on digital news subscription
- Information and Broadcasting Ministry recommended reducing GST rate on digital news subscription
- Online media outlets demanding reduction in GST rate from 18% to 5%
- GST on digital news outlets needs to be reduced to maintain revenue model and quality of stories
- GST Council meeting scheduled for September 9, 2024 in New Delhi
- Printed newspapers, journals, and periodicals currently exempt from GST
- Online news subscriptions taxed at 18% under IGST Act as OIDAR services
- Online news subscriptions included in sub-category of services for supply of images, text, and information
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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