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02 August 2011 Whther sale of newpaper is regarded as business in according to MVAT 2002?
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CA Umesh Sharma

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CA Umesh Sharma (Expert)
02 August 2011 Dear,

Newspaper is not a taxable commodity as per section 2(12) i.e, definition of Goods. Hence the business of newspaper is not taxable under MVAT Act, 2002.
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Pratik Mehta

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Pratik Mehta (Querist)
03 August 2011 sir i am not asking taxbility of newpaper bt whether this sale of newpaper is regarded as business u/s 2(4) under MVAT ACT,2002.
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CA Umesh Sharma

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CA Umesh Sharma (Expert)
03 August 2011 Yes, as per definition u/s 2(4) its a business, i.e., any trade, commerce or manufacture.

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