IBF President Uday Shankar statement on GST

Mumbai : Indian broadcasting sector is happy to note that the Government is mulling over calling a special session of parliament in the second week of September 2015.  On behalf of the sector, I would strongly appeal to the government to stay course on the implementation of GST Bill as it intends to bring a semblance of uniformity to the taxation structure, subsumes all existing central and state indirect taxes under one value added tax, both on services and goods, leading to greater efficiency and business speed.

Looking at the larger perspective, a national comprehensive tax regime will not only integrate the goods and services sector, but will usher in greater transparency and consistency making compliance easier.

Uday Shankar

President, Indian Broadcasting Foundation (IBF).

About IBF: ​The Indian Broadcasting Foundation (IBF), the apex body for the broadcasting sector in India, was set up in September 1999 to promote and represent the interests of the Indian broadcasting sector.  IBF members manage more than 350 channels and about 90% of television viewership.  With its phenomenal year on year growth, the sector plays an important role in India’s social, educational and economic growth.   IBF endeavours to work closely with the policy makers and regulators to make the Indian broadcasting sector a world class industry.