08 July 2017
Dear Sir, We are publishers of monthly magazine devoted to trade & industry means trade magazine and registered under Registrar of Newspaper For India – RNI. Now with the new GST regime wherein we fall under chapter 49 & the sub section 4902 where according to the government circular GST is NIL. As it defies, “4902 – Newspaper, Journals & periodicals whether or not illustrated or containing advertisement matter”. The clarification we require is, with above definition over all activities which we carry out in this business i.e. the annual subscription & advertisement also will not come under GST. Is it correct? as some of our clients insist us that we have to register under GST Act. Hence, we kindly request you to please clarify and help us and oblige.
CAclubindia
