https://www.taxtmi.com/caselaws?id=162481 Statutory licensing and disciplinary functions carried out to protect the public were regulatory, not trading or commercial, and therefore fell outside the economic circuit for VAT. Although fees were charged and services were supplied in a loose sense, that did not make the activities an economic activity under the Directive or a business in the ordinary sense under domestic law. The related fees were not taxable on that basis, and the institution could not recover or set off input tax. en-us Thu, 25 Mar 1999 00:00:00 +0530 Thu, 27 Feb 2014 17:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162481 Statutory licensing and disciplinary functions carried out to protect the public were regulatory, not trading or commercial, and therefore fell outside the economic circuit for VAT. Although fees were charged and services were supplied in a loose sense, that did not make the activities an economic activity under the Directive or a business in the ordinary sense under domestic law. The related fees were not taxable on that basis, and the institution could not recover or set off input tax. Case-Laws VAT and Sales Tax Thu, 25 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162481