Taxability of newspaper publishers
This query is : Resolved
20 August 2013
Pls tell me the What are all Statutory provisions and Tax Liability of Newspaper Publishers (i.e., Evening news paper)
1.Is service Tax applicable on the advertisement publishing in News paper
2. Vat applicable
3. what are the statutory compliance?
Pls reply me.....
1.Is service Tax applicable on the advertisement publishing in News paper
2. Vat applicable
3. what are the statutory compliance?
Pls reply me.....
20 August 2013
For a news paper publisher no Service Tax is applicable as the publishing house is selling News Paper
They Collect Advertisements on which service tax is applicable and TDS is also applicable.
The vendors render services and they charge service tax which can be adjusted against collection of service tax on advertisement
For wrong news published they are liable for defamation suits
They are required to register themselves for paper quota and circulation certificate is required.
They have to be a part of the Newspaper association and press bureau
Other expenses and income are as applicable to general business including audit under IT Act, ST Act etc.
They Collect Advertisements on which service tax is applicable and TDS is also applicable.
The vendors render services and they charge service tax which can be adjusted against collection of service tax on advertisement
For wrong news published they are liable for defamation suits
They are required to register themselves for paper quota and circulation certificate is required.
They have to be a part of the Newspaper association and press bureau
Other expenses and income are as applicable to general business including audit under IT Act, ST Act etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
