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<h1>Delhi VAT Act Clarifies Live Telecasting Rights as Intangible Goods Under Third Schedule, Entry No. 3.</h1> The circular issued by the Department of Trade and Taxes of the Government of NCT of Delhi clarifies that the sale or transfer of live telecasting rights for events performed in Delhi falls under the Delhi Value Added Tax Act, 2004. Specifically, these rights are included under entry no. 3 of the Third Schedule, which covers intangible goods such as copyrights, patents, and licenses. This clarification addresses queries from Assessing Authorities and has been approved by the Commissioner of Value Added Tax.