Executive body members of the News Broadcasters Federation met Finance Minister Nirmala Sitharaman and requested that TV news channels be treated at par with the print media industry under the goods and services tax regulations.
Currently, GST on the print media stands at 5 percent whereas news broadcasters are charged 18 percent GST. In the meeting on Friday, News Broadcasters Federation President Arnab Goswami highlighted the need for parity given the similarity in the business model and the importance of TV news broadcasting in the country, a release said.
The Finance Minister accepted a copy of the recommendation of News Broadcasters Federation and assured the members that she would look into the matter.
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