We are a publishing house registered under the Registrar of newspapers, publishing various magazines and periodicals.
We have no printing press and it is done by outside agencies.
We purchase printing paper from local suppliers and pay KVAT @ 4.01% to them and deliver it to outside agency for printing of some of our magazines.
In certain cases the outside agency takes their on printing paper and supplies us the printed magazines.
We have no TIN registration and we have not applied for it because for sale of magazines we do not collect tax and hence we think that VAT registration is not applicable to us. Is this true?
Can you clarify this.
Can you please clarify whether we have to get registration under KVAT.