Is hoardings covered under print media ?
We are govt organization local Authority.
We collect advertisement tax from hoardings.
Want to confirm whether it is covered under advertisement for the purposes of GST ?
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Is hoardings covered under print media
Replies (8)
As per Constitution 101 Amendment act the levy of tax on advertisement by local authority has be taken away.
So first of all, there must be no levy of tax on same .
No it is not covered under advertisement , it can be under license Fee collected
So first of all, there must be no levy of tax on same .
No it is not covered under advertisement , it can be under license Fee collected
If it is to business entity then RCM is applicable
Rcm applicability read sec 22 and Sec 24 applicability.
Isn't RCM applicable to Service by Local Authority?
YES RCM CAN BE APPLICABLE , IF COVER UNDER CIRCULAR 121/40/2019
"SERVICES PROVIDED BY GOVT TO BUSINESS ENTITY BY WAY OF GRANT OF PRIVLIEGES, LIECENCE, MINING RIGHTS ETC ARE TAXABLE IN GST & RCM IS APPLICABLE.
KINDLY REFER PARA 1 OF SAID CIRCULAR
Services by Local Authority to Individual exempt ?
YES ,IF INDIVIDUAL IS REGISTERED IN GST
If individual registered then RCM applicable, if not registered then exempt
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