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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 .....

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= Dear Sir Thanks for your valuable reply In the above case the IP have to sale by Raising of VAT invoice and all right and uses of the Brand have to sell to another Party and purchaser have to pay the amount to seller. as per the Sec 66(E)(C) of Fi .....

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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 sel .....

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n the list of declared service.You are to peruse the nature of the agreement word for word carefully. - Reply By Ganeshan Kalyani - The Reply = I fully agree with Sri Kasturi Sir. Only after going through the agreement and the terms and conditions in .....

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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 Repl .....

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85 (Act). Consequent to this, Maharashtra State issued Trade Circular dt.13.7.2015. ► Based on the said Bombay HC decision, the Commissioner of Sales Tax issued a Trade Circular re-iterating the observations of the HC dealing with the issue of .....

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erred and if transferred it may be subject to tax. ► The Act does not give any indication that the right to use incorporeal goods should be exclusively transferred in favour of the transferee. ► The Act does not envisage exclusive and unc .....

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e right is transferred the owner cannot again transfer the right to others. ► Bombay HC observing that the judgement in the case of Dukes and Sons Ltd1 is still good law; held that even when there is transfer of right to use goods to multiple u .....

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