Top Story

e4m_logo.png

Home >> International >> Article

IBF to take up service tax issue with government

13-December-2001
Font Size   16
Share
IBF to take up service tax issue with government

At the annual general meeting of the apex body of broadcasters held in Delhi yesterday, the Indian Broadcasting Foundation, decided to push the government to defer the levy of 5 per cent service tax for a period of five years. IBF has set up a high powered panel to take up the issue of service tax with the government and will be presenting their case to the Finance minister.

Headed by Anil Baijal, CEO, Prasar Bharati and president of IBF, an industry delegation comprising Star TV CEO, Peter Mukherjea, Sony TV CEO, Kunal Dasgupta, Zee TV chief, Sandeep Goyal, Sahara TV’s Mahesh Prasad and Aaj Tak’s G Krishnan would be making a presentation to the finance minister soon on why the broadcasting industry is opposed to the service tax.

The delegation would also approach the information and broadcasting minister Sushma Swaraj to plead its case.

Though a proposal to raise advertising rates by 5-10 per cent has been floating around in the industry, the IBF made it clear that it would have to be an individual decision at each company’s level.

The taxable service, according to the government, is any service provided to a client by a broadcasting agency or organisation in relation to broadcasting. This has been interpreted by the advertising industry, according to the sources, as it being exempt from the service tax, which should be paid by broadcasters.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016