GST rates for licensing content rights, printing services of recorded media hiked to 18%

The Goods and Services Tax (GST) Council at the 45th meeting has recommended increasing GST rates on licensing services/ the right to broadcast and show original films, sound recordings, Radio and Television programmes, and printing & reproduction services of recorded media where content is supplied by the publisher to 18% from the existing 12%. The decision to levy 18% GST on licens…