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Abstract
GST is considered as India’s biggest tax reform since Independence. The main agenda of the Goods and Services Tax (‘GST’) is to revamp the existing structure of taxation within the federal setup, to create one simultaneous levy on goods and services imposed by the Centre and States. GST is a determined effort by the Government to move the taxation structure of the economy to a purely destination based-consumption tax, and avoid the cascading effect of taxes. India is globally the fifth largest media and entertainment market, (Source Deloitte report.) The Indian media and entertainment industry is a raising sector, with a rapid growth curve. In this paper, the tax rates before GST and after GST in the media industry is analyzed in order to understand whether it has become more expensive or not. This article also discusses the existing tax structure and the impact of GST for various players in the M & E industry.