Permanent transfer of Intellectual Property is a supply of goods or service

Category:
Goods and Service Tax
Published on:
November 19, 2017

Table of contents

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To obviate dispute and litigation, CBEC vide Notification No. 41/2017-Central Tax (Rate) dated 14th November 2017 notified that irrespective of whether permanent transfer of Intellectual Property is a supply of goods or service: -‍

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Description Rate
Permanent transfer of Intellectual Property other than Information Technology software attracts GST @ 12%
Permanent transfer of Intellectual Property in respect of Information Technology software attracts GST @ 18%
CA Kapil Mittal
Mr. Kapil Mittal is a partner of the firm and has a strong legal and tax background with over 15 years of experience. He heads the Firm’s Tax Advisory and Compliance Practice. He specializes in
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