St on print media
This query is : Resolved
Ashish Panchal
(Querist)
10 April 2014
please let me know regarding service tax on print media
Annu Agarwal
(Expert)
11 April 2014
Print media means newspaper,magazines etc.
As per the Section 66D of negative list
-Clause f-any process amounting to manufacture or production of goods is exempt from service tax.Printing work are covered under chapter 48 & chapter 49 of the first schedule to the Central Excise tariff act and therefore no service tax applicable.
Clause g of negative list exempts selling of space or time slots for advertisement in print media.
Also entry no 17 and 30 (a) of the Meg a Exemption notification 26/2012 provides exemption to print media.
As per the Section 66D of negative list
-Clause f-any process amounting to manufacture or production of goods is exempt from service tax.Printing work are covered under chapter 48 & chapter 49 of the first schedule to the Central Excise tariff act and therefore no service tax applicable.
Clause g of negative list exempts selling of space or time slots for advertisement in print media.
Also entry no 17 and 30 (a) of the Meg a Exemption notification 26/2012 provides exemption to print media.
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