Page Contents
GST is applicable to the sale of advertising space in print media as well as other forms of advertising. The unrestricted movement of credits on the procurement side leads in an overall reduction in the value of advertising, while this causes an increase in cash outflow.
Activity of selling selling of space for advertisement in souvenirs published in the form of books is eligible for concessional GST rate of 5%, it said.
According to Sec 5(3) RCM is applicable on notified services & Goods. Same section provision also applies to any supply of service by any person who is located in a non-taxable territory to any person located in a taxable territory, other than the non-taxable online recipient.
Popular Articles :
Group 99836 | Advertising services and provision of advertising space or time |
998361 | Advertising Services |
998365 | Sale of Internet advertising space |
998363 | Sale of advertising space in print media (except on commission) |
998366 | Sale of other advertising space or time (except on commission) |
998362 | Purchase or sale of advertising space or time, on commission |
998364 | Sale of TV and radio advertising time |
All about Financial Forensics & its Applications Financial Forensics and Forensic Audit Techniques Financial forensics and forensic audit techniques are… Read More
Code of Conduct in Forensic Audit: Introduction: A forensic audit is a specialized examination that investigates financial records to uncover… Read More
When is the cancellation revocation applicable? Procedure for Implement Revocation for GST cancellation This applies only if, on its own… Read More
Enhancement Made to the GST Portal - Significant Update Goods and Services Tax Network is pleased to inform that an… Read More
ITC Mismatch GSTR-2B vs GSTR-3B - DRC-01C Intimation under Rule 88D New mechanism to deal with Input Tax Credit mismatches… Read More
Hurdles with Hindu Undivided Family Dissolution: The Hindu Undivided Family (HUF) is a recognized legal entity under the Income-tax Act,… Read More