New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Intellectual Property Sale -Service Tax Applicability

Service Tax - Started By: - Binu Karuthedath - Dated:- 9-5-2016 Last Replied Date:- 10-5-2016 - Dear Sir One of the Assesse have to sale their registered Brand Name(Intellectual Property) to another Indian Company with consideration .What are the Tax applicability of the sale of Intellectual property - Reply By KASTURI SETHI - The Reply = Sh.Binu Karuthedath Ji, It is taxable service. It is declared service under Section 66(E)((c) of the Finance Act, 1994. - Reply By Binu Karuthedath - The Reply .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

t applicable in Service Tax? Kindly advice in details - Reply By KASTURI SETHI - The Reply = The assessee has either to pay Service Tax or Sale Tax/VAT. Now one has to go through the terms and conditions of the agreement between the buyer and the seller to ascertain whether it is service or sale. Legal language of the the agreement sometimes conveys different essence or message. It is cock sure that either VAT is to be paid or Service Tax is to be paid. Sale or permanent transfer of IPR is not i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, This forum is actually serves the purpose of 'First Aid'. - Reply By Binu Karuthedath - The Reply = Thank you for your valuable support - Reply By Srikanthan S - The Reply = Dear All, VAT on transfer of right to use intangibles : In Jan 2015, the Bombay High Court (HC) in the case of Tata Sons Limited held that the use of TATA trademark will attract VAT under The Transfer of Right to use Goods for any Purpose Act, 19 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version