News DTH players react to Budget 2015

[Deepu]

Expressing his displeasure on the same, Videocon d2h CEO Anil Khera tells Indiantelevision.com, “The DTH and cable sector were ignored in the budget. The hike in the service tax will further be passed on to the consumers through the packs. Nothing from the wish list was taken into account."

When asked for his reaction to the budget, DTH Operators’ Association president and Dish TV CEO RC Venkateish opines that he is happy that the GST date has been announced, while it was already known that the increase in service tax would be increased in two stages. “While the announcement of the GST date i.e 1 April, 2016 will have benefits, for the short term one would pay that extra one per cent, which is not material. The GST implementation will give us a substantial reduction in overall taxes,” he says.

Echoing his thoughts on the Budget 2015, Tata Sky CEO Harit Nagpal says that he was hoping that at least one of the two taxes that the industry pays to the Centre and the State would be absorbed, which did not happen. “We are the only industry that pays service tax to the Centre and entertainment tax to the state,” says Nagpal.

Indian Television Dot Com | DTH players react to Budget 2015

 

[Teufel]

If Entertainment tax is withdrawn, we might see many channels in lower packages and higher packages would cost less.

 

[Devesh]

If Entertainment tax is withdrawn, we might see many channels in lower packages and higher packages would cost less.

Yup

But i think DTH players dont decrease prices and they will try to earn more profits..

 

[DashMajor]

Absolutely at current scenario if Govt. reduced the tax then DTH's margin of profit will increase but we will keep on getting the same benefit like right now its better citizen pay Tax for Nation and not to fill Corporate Lockers. Thanks to Tata Sky, 20% - 30% money already going to Foreign Countries and d2h too joined the party by inviting Foreign Investors.

 

[Teufel]

Government itself is inviting foreign investors. Why can't these companies then?

 

[DashMajor]

Tats a reason better not to think the profit of these DTHs they're still making well enough profit in this stage.

 

[Technoglitch]

They need lot of investments to run a business and it is not a simple thing to run business

 

[NinadG]

Lets see after GST rollout next year..........if taxes get reduced then what these DTH would do............
Now they are blowing trumpet about high taxes & launching campaigns...............

 

[DashMajor]

Tats a reason Venkateish gives up the chase too and waiting for GST to applies.

 

[IndianMascot]

How will GST reduce taxes ?