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.....

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.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries