No service tax
on sale of advertising space in newspapers
Indiantelevision.com Team
(20 March 2007 5:00 pm)
NEW DELHI: The Finance Ministry does not levy any service
tax on sale of space for advertisements in newspapers, according
to minister of state for finance SS Palanimanickam.
Answering a question in the Lok
Sabha, he said sale of space for advertisements is specifically
excluded from the scope of the taxable services under Section
65(105) of the Finance Act 1994.
Print Media includes newspapers as defined in the Press and
Registration of Books Act 1867.
