Is vat applicable on Curriculum in Maharashtra ?
If yes what rate ?
If no will it be counted in calculation turnover for Vat Audit?
Can anybody throw some light on this with relevant reference.
Thanks in Advance.
Arpita (Works as an Employee) (143 Points)
28 October 2013Is vat applicable on Curriculum in Maharashtra ?
If yes what rate ?
If no will it be counted in calculation turnover for Vat Audit?
Can anybody throw some light on this with relevant reference.
Thanks in Advance.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 28 October 2013
Miss Arpita,
Curriculam of any kind,i.e. of a school,college,university or an institution is not a comercial publication.Hence as per entry 6 of Schedule A (exempt goods ) no vat is applicable,even if they are sold....mjk