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Applicability of gst

madhu (article student) (21 Points)

06 January 2017

APPLICABILITY OF GST FOR NEWS PAPER PRINT MEDIA

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CA Sujeet Kumar (Self-Practice) (738 Points)
Replied 10 January 2017

The schedule for GST will soon release.

Further it is hopeful that Current law of Newspaper and Print media will be same in GST model law

Nagendra Hegde (Chartered Accountant) (1948 Points)
Replied 10 January 2017

List of supplies exempted from GST is not yet come. The number of exemptions are expected to be minimum in GST. Even if the exemption is given, it could be again pay and take refund mechanism to enable continuity in Input tax credit chain.

Venkatanarayana GM (Partner associate at Hiregange & Associates) (1279 Points)
Replied 10 January 2017

Dear Netizen,

Agreed with Mr. Nagendra. To facilitate refund system, Respected Ms.Nirmala Sitaraman was making statement that, refunds would be processed within 7 days.

Hope the same is put in place, so that business runs smoothly..

Venkat

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