Selling of space for advertisement in print media is taxed at the rate of 5% with full ITC (Input Tax credit).
Print media such as Newspapers, magazines need to charge tax at 5% on advertisement fee collected by them.
They can take full input tax credit of inward supplies.
chatCommentsWhat are covered under advertisement? Brand or product advertisements only or even classifieds advertisement including orbituary are included? - Rahul RaiIt includes everything. Even classifieds are advertisements. If consideration is paid, tax is to be charged. - GST PayerSir we are running a Training Academy and we are issuing a Magazine for our subscribers. We sell space for ads in that magazine to our commercial establishments, what rate should we charge GST - Dilip LeninHi, If a person gives advertisement to Newspaper then Newspaper will charge 5% GST on the advertisement amount. But if he book this advertisement through advertising agency then what % of GST advertising agency will charge from client? Thanks - guest