GST tax cuts spark optimism in advertising and media sectors amid global challenges

Image for article GST tax cuts spark optimism in advertising and media sectors amid global challenges
News Source : Livemint

News Summary

  • The GST (Goods and Services Tax) Council has sparked optimism across the advertising and media ecosystem.
  • While core ad rates remain unchanged, the bigger gains come from tax cuts on consumer-facing sectors like FMCG, durables, automobiles, and lifestyle products.
  • Brands are signalling plans to ramp up festive campaigns.
  • Influencer collaborations are also ramping up as marketers seek to amplify engagement while sentiment remains upbeat.
  • However, structural challenges such as global uncertainty, margin pressures, and media fragmentation still persist.
The latest tax rejig announced by the GST (Goods and Services Tax) Council has sparked optimism across the advertising and media ecosystem.While core ad rates remain unchanged18% for digital and te [+4903 chars]

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