MUMBAI: On 17thJanuary, 2020 Finance Minister, Nirmala Sitharaman met the members of the executive body of News Broadcasters Federation (NBF). In the meeting, the NBF has proposed a recommendation requesting the Government to treat TV News channels at par with the print industry under GST. In the current scenario, the GST applicable on the print media stands at 5% whereas the news broadcasters are charged 18% GST.
In the meeting the President of NBF Mr. Arnab Goswami, President of NBF Board, highlighted the need for parity given the similarity in the business model and the importance of TV news broadcasting in the country.
The Finance Minister accepted a copy of the recommendation of NBF and assured the members that she would investigate the matter.
The NBF was represented in the meeting by the President Mr Arnab Goswami, the Vice Presidents Ms.Jagi M. Panda and Mr.SanjiveNarain, and the Secretary-General, Mr R. Jai Krishna.
