Under GST, any local body tax or state tax will be available as a credit which will reduce overall costs and eliminate any dual levies of service tax and VAT on transactions. However, media companies will have to pay additional local body tax over and above the one proposed in GST.
How will the Goods and Services Tax (GST) impact the logistics sector? Here is CNBC-TV18‘s Menaka Doshi analysing the impact on the same.