New Delhi, Sept. 1 -- Ahead of the GST Council meeting, television and digital news broadcasters have urged finance minister Nirmala Sitharaman to consider shifting the point of taxation on sale of advertising space to actual receipt of payments, from the current practice of charging the levy at the invoicing stage.

In a letter dated 28 August, Rajat Sharma, president of the News Broadcasters & Digital Association (NBDA), has also urged Sitharaman, who is also the chairperson of the GST Council, to allow input tax credit on certain expenditures, such as the hire of vehicles, food and beverages or outdoor catering, beauty treatments, and insurance coverage for employees. These are is currently restricted under the Central Goods and Servic...