Royalty to authors of books
This query is : Resolved
13 April 2017
hi
Wanted to understand the Service tax implication on Royalty paid to both Indian and foreign authors for books published in India and Sold either in India or abroad both in physical or ebooks format.
Whether the tax implication changes in a GST environment. If yes, what are the changes? Would there be an invoicing requirement from authors and whether authors need to apply either for a Service tax registration or GST registration
Wanted to understand the Service tax implication on Royalty paid to both Indian and foreign authors for books published in India and Sold either in India or abroad both in physical or ebooks format.
Whether the tax implication changes in a GST environment. If yes, what are the changes? Would there be an invoicing requirement from authors and whether authors need to apply either for a Service tax registration or GST registration
13 April 2017
An author has copyright. Royalty is paid for temporary/permanent transfer of copyright. Copyright was outside ambit of Service Tax, and no service tax was payable in case of royalty for copyright.
GST covers copyright. Unless exempted, temporary transfer of copyright (royalty to authors) shall attract GST. However, threshold exemption limit in GST is 20 lakhs and an author receiving royalty upto Rs 20 lakhs (presuming he is not making other supplies) is not required to pay any GST.
GST covers copyright. Unless exempted, temporary transfer of copyright (royalty to authors) shall attract GST. However, threshold exemption limit in GST is 20 lakhs and an author receiving royalty upto Rs 20 lakhs (presuming he is not making other supplies) is not required to pay any GST.
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
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
