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The Finance Ministry is set to review the Goods and Services Tax (GST) rates applied to digital news subscriptions, according to sources. This decision follows a recommendation from the Information and Broadcasting (IB) Ministry to lower the GST rate on digital news subscriptions from the current 18
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FAQ :
The current GST rate on digital news subscriptions is 18%.
The Information and Broadcasting Ministry recommended a review, arguing that the current 18% GST rate negatively impacts the revenue models and sustainability of online media outlets.
The Information and Broadcasting Ministry has recommended lowering the GST rate from 18% to 5%.
The GST Council will discuss the GST rates on digital news subscriptions at its 54th meeting on September 9, 2024.
No, printed newspapers, journals, and periodicals are currently exempt from GST.
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