ARTICLE
20 June 2014

Karnataka High Court: Universities Liable To Pay Tax

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Karnataka HC stated that the prospectus offered by universities and educational institutions is not a book or a periodical.
India Tax

Karnataka HC while dismissing a batch of Sales Tax Revision Petitions, stated that the prospectus offered by universities and educational institutions is not a book or a periodical, and they earn huge profits from their sale, thus they fall under Entry 71 of the schedule for levy of sales tax.

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