Web28 Apr 2016 · Recently we received an invoice from an advertising agent for space booking in print media The Hindu newspaper. The agent has charged 1.854% service tax on basic cost. We understand that the service tax on commission earned by the agent from newspaper should not be recovered from the advertiser but should be recovered from the … Web31 Jan 2024 · A popular form of advertising is print advertising. These commercials can also be found as booklets or fliers inside newspapers or magazines. Advertisements in print media, such as newspapers, magazines, etc., are subject to a 5% GST tax. Digital media advertising, such as that seen on websites, emails, or SMS, is subject to GST at 18%.
Content Supply Services Vs Sale Of Space For Advertisement
WebAll marketing and advertising must be: an accurate description of the product or service. legal. decent. truthful. honest. socially responsible (not encouraging illegal, unsafe or anti … Web11 Dec 2024 · Selling of space for advertisement in print media (SAC 998362) is taxable at the rate of 2.5% under CGST & SGST respectively. As against this the service for ‘Sale of other advertising space or time’ is enumerated as 998366 in the SAC given in the annexure to the notification. citibank customer service fax number
Treatment of VAT on advertising
WebIn such a situation, GST would be levied at 5% for advertisements and publication in print media or 18% for advertisements in digital media. The advertising firm would levy GST at 18% on the payment charges. Advertising Section Under GST and Rate of Taxes GST applies to all forms of advertising, including the sale of space in print media. Web11 Mar 2024 · The Commissioner of Central Excise & Service Tax demanded a service tax of Rs. 4,58,38,070 has been confirmed with interest and penalty. It was argued by the … WebDST19100 - Associated Online Advertising Service - Overview Digital Services Tax (DST) is charged on the revenues received in connection with specified digital services activities. citibank customer service hotline philippines