close Change the way you learn with CCI Online Coaching   view more

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > VAT > Others >

Taxes on sale of newspaper & magazines

    Post New Topic
Pages : 1





Team Leader

[ Scorecard : 42]
Posted On 27 August 2011 at 19:42 Report Abuse

Hello

Iam planning to start online business of buying and selling of magazines and newspapers, i will be acting as a mideator (Vendor) and collecting money from customers on my company's name

After enquiring with few people they said there are no taxes levived on magazine and newspaper,

I wanted to know are there any kind of taxes on Sale/Purchase of Magazine and newspapers, taxes like CESS  Tax, Vat, service tax, etc etc.....

please provide your valueable input

Thanks in advance



CS Bijoy
Expert

[ Scorecard : 6126]
Posted On 01 September 2011 at 12:42

 

In order for a publication to be considered a newspaper and be exempt from sales tax, it must: 

• Be published (printed or written form) periodically at least 50 times a year; 

• Be available for public circulation (whether or not through paid subscripttions); 

• Contain general interest information or reports of current events, original or reprinted articles 

on a variety of topics, photographs, illustrations, advertising matter, legal notices, comic strips, 

cartoons, editorial comment, or other such subject matter; 

• Contain no more than 90 percent of its printed area as advertising; 

• Have continuity as to title and the general nature of its content from issue to issue; and 

• Not constitute a book, either alone or when successive issues are put together.

 

 

In order for a publication to be considered a magazine, it must: 

• Be published (printed or written form) periodically at least four times a year; 

• Be available for public circulation (whether or not through paid subscripttions); 

• Contain a variety of articles or other information; 

• Contain no more than 90 percent of its printed area as advertising; 

• Have continuity as to title and the general nature of its content from issue to issue; and 

• Not constitute a book, either alone or when successive issues are put together. 

 



There are 1 Replies to this message






Related Files








Related Threads


Post your reply for Taxes on sale of newspaper & magazines



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.