Vat on study material sold by icai institute.
This query is : Resolved
krishna kumar p
(Querist)
12 June 2013
Dear members,
Can anyone share whether ICAI is charging VAT on books sold to students.
Reason for asking such Question:
We are a private Coaching Center,a Pvt ltd company. Due to different opinion on VAT applicability on Study materials, to be on safer side, we are charging VAT. If we can can find the answer for above question, we can reduce the cost to student by not charging VAT. Please us to help the Student.
Thanks in avance
Can anyone share whether ICAI is charging VAT on books sold to students.
Reason for asking such Question:
We are a private Coaching Center,a Pvt ltd company. Due to different opinion on VAT applicability on Study materials, to be on safer side, we are charging VAT. If we can can find the answer for above question, we can reduce the cost to student by not charging VAT. Please us to help the Student.
Thanks in avance
Vasanth Kumar J K
(Expert)
13 June 2013
the facts needs to be understood properly
if study materials are sold along with coaching then not liable to tax for the reason that the intention is not to sell study materials but to providing service
if only study materails are sold without providing coaching then lible to tax, study materials fall under books, generally in all states books are exempted from vat, kindly check the relvant entry
if study materials are sold along with coaching then not liable to tax for the reason that the intention is not to sell study materials but to providing service
if only study materails are sold without providing coaching then lible to tax, study materials fall under books, generally in all states books are exempted from vat, kindly check the relvant entry
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