GST impact: Media businesses in training mode as D-Day arrives
Nearly Rs 20,000 crore adex is likely to receive a massive boost under GST

The mantra across businesses this season is GST training. Across the industry companies are gearing up to brace for impact as GST comes into force today on Saturday, July 1. A large part of this is internal training and education programmes for employees on GST.
Seamless implementation of GST will require coordination across levels and changes internally. Speaking to exchange4media about the implementation process, Joy Chakraborthy, President – Revenue, TV18 & CEO Forbes India, said, “To gear up we are educating our teams across levels and functions on implications and the caution that one needs to observe with regard to new the system. We are also equipping ourselves and teams to interact with client, agency, etc. Internal systems are being prepped for GST led compatibility. Though I feel the industry at large will gain better clarity as we actually get into it deeper.”
Despite the short notice, the industry has started understanding the key areas of impact on their business and initiated alignment of IT systems accordingly. Setting up new systems and transitioning to the new regime is heavily dependent on the IT systems. “In case the IT systems of the companies are not geared up to tackle the compliances and reporting under GST, there would be disruption to the day-to-day business. Major stakeholders in Media Industry, whether Broadcasters, big Agencies or big MSOs/DTH Platforms would be ready for implementation of GST effective July’17 to a large extent, however we see challenges for the others who have not invested enough time and effort to be ready effective July 2017. This would result in teething issues initially, which are expected to be fully addressed by September 2017,” said MK Anand, CEO, Times Television Network. He said that stakeholders who are not fully ready for implementation, would need lot of hand holding/guidance for a quick turnaround.
Even as it becomes evident that advertisers in certain industries may need spend more on advertising, the complete understanding of the implications of GST will trickle in slowly. Udit Bhambri, Business Director, VML, noted that the advertising industry is taking a wait and watch approach to GST. “While there might be some teething problems initially, in the longer run it will lead to more transparency and a better economy, leading to gains overall,” he said.
Anita Nayyar, CEO, Havas Media Group said that cash flow from the clients’ will have to go up by 3%, which is a lot, depending on the size of the client but the actual spends may not increase right away because budgets have been frozen for the year already. “The situation is going to be very much like when service tax was levied. And one will feel the pinch of the 3% for sure because clients are not going to increase budgets mid-term. Be it January to December or March to April, advertising budgets are frozen and therefore budgets cannot be adjusted to make room for the extra 3%.” She added that the industry will have a better understanding of the act in three-four months.
Industry experts also feel that the implementation of GST is more of a wait-and-watch game than an overnight reform. Shreyams Kumar, Jt MD, Mathrubhumi, said that he hopes this bold move will bring uniformity across business in media sector. “However, its impact on the overall print industry will be neutral. We are in process of getting our systems in place internally. The effects of the so-called game changer will be best known after it is put to practise,” he said.
Noting that the price of newsprint has gone up due to GST Varghese Chandy, VP-Marketing, Malayala Manorama, said, “There will be some uncertainty in the initial days. We'll have to wait and see how it settles. Businesses will get back to normal later on.”
The overall impact of the GST regime on the advertising industry is expected to be positive. As reported earlier on exchange4media, nearly Rs 20,000 crore adex is likely to receive a massive boost under GST. The industries that are likely to increase their spends are FMCG, automobiles and consumer durables as they will benefit from GST taxation.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp