MIB recommends reduction of GST on digital news subscription from 18% to 5%
As per reports, the I&B ministry has recommended to the Finance Ministry that the GST on online media subscriptions be either removed or rationalised
The MIB has made recommendations to the Finance Ministry to reduce the Goods & Services Tax (GST) applied on digital news subscription, as per media reports.
Online media houses have been seeking bringing down the GST from 18 per cent to 5 per cent.
The GST Council will now be meeting on September 9.
A media report quoted an official as saying that the I&B Secretary had written to the Revenue Secretary in this regard. The recommendation talks of either removing the GST or rationalising it by brining it down to 5 per cent as the same as e-books.
