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Service Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Valuation of transfer of Goodwill- The demand raised is based on ...

Service Tax

December 18, 2018

Valuation of transfer of Goodwill- The demand raised is based on the Transfer of Business Agreement (425.25 crores) from which the value for transfer of goodwill is derived by the department on the basis of trademark license agreement - There is no domestic sale of good will annually - such a valuation for the goodwill is also without any logic or basis.

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