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Help Dish TV revenue to dip 0.25% more with TN govt’s e-tax move
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The Tamil Nadu government imposed 30% entertainment tax (e–tax) on direct to home (DTH) operators. Jawahar Goel, managing director of Dish TV said that their revenues are impacted almost 7% because of the entertainment tax across the country. "With the E-Tax imposed by the Tamil Nadu government, the revenues will be impacted a quarter percent more," he told CNBC-TV18 in an interview.

Dish TV’s last quarter EBITDA was in the range of 24-26%. Goel further indicated that the company will improve their EBITDA by 1.5-2% every quarter.

Here is the edited transcript of his interview.

Q: What do you think about the 30% e-tax? What kind of material impact would it have on Dish TV?

A: Most of the state governments are preparing themselves for the GST role out for the next financial year. It will probably be June 12, when the GST will be rolled out. The state governments have levied the tax to get extra money from the central government.

DTH is not the only category for e-tax. There are several other categories in the business. The state governments keep introducing new taxes. The Tamil Nadu government has submitted a bill in the assembly to levy e-tax only on DTH.

The movie theatres and cable operators have been kept out of it. The association of DTH operators are keeping an eye on the development. At the appropriate time, they will agitate this issue in the court of law.

Read full story at Indian DTH Blog

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