Is MVAT applicable on Videos and lectures prepared and sold throught media like CDs DVDs and Online distribution? If Applicable, in which schedule and under which heading the same accomodates? Also is there any taxability on the IT enabled services other than video lectures?
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Applicability of mvat
Replies (5)
on which state udoing this business
Maharashtra.
| IT products as may be notified by the State Government from time to time. | 5% |
What will be tax treatment in the case of sale of Audio/ Video Rights and
sale of cassettes/CD/VCD etc.,?
Reply The tax treatment in the case of sale of Audio/ Video Rights would be the
same as in the present case of sale of copyright to exhibit the film. As regards, the
sale of cassettes/CD/VCD, the same would be taxable @ 4% by virtue of being
covered by the schedule entry C-56 of the MVAT Act, 2002.
MAharashtra. (MVAT)
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