02 April 2010
As per Section 5 of the Karnataka VAT act VAT is exempt for goods falling under schedule 1 of the Karnataka VAT rules.
Schedule I exempts Books, Periodicals and journals including maps, charts and globe (point 11)
If books are billed outside Karnataka will CST be levied or will it be exempt? Sec 6 of CST act says that 'a dealer shall be liable to pay tax under this act in the course of inter state sale notwithstanding the fact that no tax would have been leviable under the sales tax law of the approprate state if that sale had taken place inside that state'. This looks like we have to levy CST...
19 October 2010
Sec 6 of CST act says that 'a dealer shall be liable to pay tax under this act in the course of inter state sale notwithstanding the fact that no tax would have been leviable under the sales tax law of the approprate state if that sale had taken place inside that state'. This looks like we have to levy CST...
CAclubindia
