Payment of Service Tax on Royalty paid to foreign Service provider.

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..... Payment of Service Tax on Royalty paid to foreign Service provider.
Query (Issue) Started By: - vinay wakde Dated:- 14-11-2011 Last Reply Date:- 14-11-2011 Service Tax
Got 1 Reply
Service Ta .....

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We have paid Royalty in terms of Agreement with the Foreign service provider during 2007-2008. This is in respect of set-up of new ZR module to enhance the production capacity. As per the agreeme .....

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..... nt, the payment of Royalty USD 1 per MT to be paid and accordingly we have paid 9 Lacs USD to the Foreign Service provider during 2007-08. Since, the payment made by us does not related to any service .....

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..... rendered by the Service provider, we have not paid any Service Tax under Intellectual Property Right. Kindly let us know whether such payment shall be covered in Service catagory " Intellectual prope .....

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..... rty Right" . Regards, VINAY Reply By Pradeep Khatri: The Reply: Yes Sir, It is covered under IPRs Service.
Discussion Forum - Knowledge Sharing .....

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