VAT leviable on amount collected by medical colleges and hospitals from sale of prospectus and appli

CST & VAT : Where assessee, a deemed university, was running medical colleges and hospitals attached thereto and it collected huge amounts from sale of prospectus and application forms and earned huge profit thereon, assessee was indulging in business so as to make profit out of sale of prospectus and application forms and sale of said goods would fall under Entry No. 71 of Third Schedule to Karnataka Value Added Tax Act, 2003 so as to attract levy of tax