What is the tax rate under GST for advertising services by newspapers and print media?



Rahul Rai
watch_later 11 months ago

At what rate GST should be charged on advertisement services in print media? Whether input tax credit (ITC) is applicable print media?


Comments:
Hi, 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

4 Answers

Pulkit Sharma watch_later 11 months ago
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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.


Comments:

What are covered under advertisement? Brand or product advertisements only or even classifieds advertisement including orbituary are included? - Rahul Rai
It includes everything. Even classifieds are advertisements. If consideration is paid, tax is to be charged. - GST Payer
Sir 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 Lenin
Hi, 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



Baba Dhd watch_later 10 months ago
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What is turnover  for an ad agency? (Is it only commission amount?)

How an ad agency claim for refund of 5% GST if it is not registered under GST?


Comments:

Ask a seperate question or comment for additional clarification. - Rahul Rai
How an ad agency claim for refund of 5% GST if it is not registered under GST? - Baba Dhd
How an ad agency claim for refund of 5% GST if it is not registered under GST? - Baba Dhd
Hi, 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


guest watch_later 9 months, 1 week ago
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Hi,
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


Comments:

18% - GST Payer


MANI VEL watch_later 9 months, 2 weeks ago
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I THINK, PUBLICATIONS GST 5% ON 85 % OF THEIR BILL SO AGENCY WANT PUT 100% TO CLIENTS AND CAN INPUT PUBLICATIONS TAX PAID ALREADY. THAN ONLY CLIENTS CAN TAKE INPUT FOR THE FULL TAX.

OTHERWISE IF AGENTS GO IN PUBLICATIONS NET AMOUNT AND THAN TAX AS OLD SERVICE TAX 18% FOR REST AMOUNTS (IF WE ALLOWED ANY DISCOUNT TO CLIENTS NET COMMISSION ONLY) . THAN WE TAKE INPUT, FROM PUBLICATION GST PAID FOR US MEANS, IT’LL GO LESS THAN 5% TO GOVT. SO IF WE PUT REST OF 15% @ 5% TAX MEANS IS RIGHT WAY. AND NO MULTIPLE TAX WILL COME IN THIS WAY. HOPE OK..? 


Comments:

5% or 18% is the trillion dollar question. Were you able to find any concrete answer for this? - guest

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