GST on intellectual property rights of foreign entity used in india
This query is : Resolved
14 May 2025
Foreign company owns an IP for a event . An Indian company is taking the IP for 1 year at an agreed sum to conduct concert and events at various places in India using the foreign brand IP.
Also the IP fees is partly fixed and partly share of revenue generated from these events.
The foreign company does not have any place of business in India. Is GST applicable on the same ?
and does the Indian company has to charge GST under RCM and use it as credit later on ?
And at what rate GST to be charged if applicable ?
Also the IP fees is partly fixed and partly share of revenue generated from these events.
The foreign company does not have any place of business in India. Is GST applicable on the same ?
and does the Indian company has to charge GST under RCM and use it as credit later on ?
And at what rate GST to be charged if applicable ?
15 May 2025
It will fall under import of service.
Under GST, the import of services is considered a supply and is subject to tax. The recipient in India is liable to pay GST under the reverse charge mechanism. This ensures that imported services are taxed similarly to domestic services, maintaining tax parity and compliance within the GST framework.
Under GST, the import of services is considered a supply and is subject to tax. The recipient in India is liable to pay GST under the reverse charge mechanism. This ensures that imported services are taxed similarly to domestic services, maintaining tax parity and compliance within the GST framework.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
