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Vat applicable or not?
is vat applicable to production & distribution of motion pictures, monetizing of motion pictures in all possible ways & all other activitites related to films & television?
if yes then under which schedule & rate of tax?
Replies (1)
VAT is applicable on goods and not on Services. Hence according to me it isn't applicable to Production & Distribution of motion pictures, monetizing of motion pictures in all possible ways & all other activitites related to films & television.
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