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: -
| 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% |
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