CBEC prescribes rules for 'advertisement services' valuation attributable to States/UT, when supplied to Government

CBEC prescribes guidelines for determination of proportion of value attributable to different States or UTs, in case of advertisement services supplied to Central or State Government, a statutory body or a local authority, u/s 12(14) of IGST Act, 2017, absent any contract between supplier and recipient of service; Provides that, in case of newspapers and publications, amount payable for publishing an advertisement in all the editions of a newspaper or publication, published i...