Business
This query is : Resolved
Pratik Mehta
(Querist)
02 August 2011
Whther sale of newpaper is regarded as business in according to MVAT 2002?
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.
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.
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.
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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