https://www.taxtmi.com/caselaws?id=249035 Regular and substantial sale of prospectus and application forms by a university constituted business for VAT purposes because the transactions were continuous, frequent and commercial in character, even though the university's primary object was education. The sale was therefore liable to VAT under the Karnataka Value Added Tax Act, 2003. Prospectus and application forms were also not exempt as books because, on their ordinary meaning, a prospectus is a printed brochure and not a book, periodical or journal; they were accordingly classifiable as taxable printed materials under Entry 71 rather than exempt under Entry 11. The assessment and penalty orders were left undisturbed. en-us Wed, 02 Apr 2014 00:00:00 +0530 Tue, 07 Oct 2014 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249035 Regular and substantial sale of prospectus and application forms by a university constituted business for VAT purposes because the transactions were continuous, frequent and commercial in character, even though the university's primary object was education. The sale was therefore liable to VAT under the Karnataka Value Added Tax Act, 2003. Prospectus and application forms were also not exempt as books because, on their ordinary meaning, a prospectus is a printed brochure and not a book, periodical or journal; they were accordingly classifiable as taxable printed materials under Entry 71 rather than exempt under Entry 11. The assessment and penalty orders were left undisturbed. Case-Laws VAT and Sales Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249035