Home BIG Story Here’s How Much Govt Of India Spent On GST Advertisements

Here’s How Much Govt Of India Spent On GST Advertisements

The spending on advertisements through print media stood at approximately ₹127 crore while over ₹5 crore was spent on advertisements with outdoor media.

Here’s How Much Govt Of India Spent On GST Advertisements
Here’s How Much Govt Of India Spent On GST Advertisements

The government of India has spent about ₹132.38 crore on advertisements for Goods and Services Tax (GST), the Bureau of Outreach and Communication has stated in an RTI reply.

The spending on advertisements through print media stood at approximately ₹127 crore while over ₹5 crore was spent on advertisements with outdoor media.

The bureau further said there was “nil” expenditure for the same on electronic media.

GST is an indirect tax (or consumption tax) levied in India on the supply of goods and services.

GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer.

Goods and services are divided into five tax slabs for collection of tax – 0%, 5%, 12%,18% and 28%.

However, Petroleum products, alcoholic drinks, electricity, and real estate are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax regime.

There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.

In addition, a cess of 22% or other rates on Top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.

Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST, most goods are expected to be in the 18% tax range.