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Tax on Payment of Royalty

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..... Tax on Payment of Royalty
Query (Issue) Started By: - Pradeep Kaushik Dated:- 24-9-2011 Last Reply Date:- 26-9-2011 Service Tax
Got 1 Reply
Service Tax
Respected All, I have some queries .....

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..... stated as under: * We are paying Royalty , on our Gross Sales to our parent Company in South Korea, Is it really covered by Service Tax Act. Is it fall under Intellectual Property Services. . Pleas .....

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..... e Explain with Section and circulars, if any. * Can we take the Cenvat credit for the Service Tax, we deposited on Royalty payments. Please provide the notification/ circular for justification. * .....

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..... Is R&D Cess also applicable to us. If Yes, Do we have to take any registration for deposit of R&D Cess. Where we have to deposit this Cess. Please describe the procedure in detail. * Is Cenvat avail .....

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..... able for R & D Cess also. Please reply. Best Regards. Pradeep kaushik Reply By Pradeep Khatri: The Reply: Please Check IPR service in this regard. Further, if you are paying R&D Cess, then, it is .....

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..... deductible from the total payment of service tax. Further, kindly go through Notification No. 46/2011- ST dated 19thSeptember, 2011 pertaing to R&D Cess in this regard.
Discussion Forum - Knowled .....

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..... ge Sharing .....

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