Service Tax on Royalty Payment
This query is : Resolved
Yajuvendra Rawat
(Querist)
20 December 2009
Dear Sirs & Friends,
Can service tax be applied on the amount paid as Royalty for Patents, Trademarks & Copyrights. Please help me in this also pls give the reason for ur answer. Thanking u all
Can service tax be applied on the amount paid as Royalty for Patents, Trademarks & Copyrights. Please help me in this also pls give the reason for ur answer. Thanking u all
Murtaza I Bhagat
(Expert)
20 December 2009
U/S 194J @ 10% on 1. Fee for professional & technical Services 2. Royalty 3. Sum received for not carrying out any activity or not sharing any know how, patient etc.
Aggregate amount of payment does exceeds Rs.20,000 during a f/y for each of the payment referred here.afterthan should have to made.
Aggregate amount of payment does exceeds Rs.20,000 during a f/y for each of the payment referred here.afterthan should have to made.
Yajuvendra Rawat
(Querist)
20 December 2009
Dear Friend i want to know whether service tax will be applicable or not
Murtaza I Bhagat
(Expert)
20 December 2009
Yes applicable @ rate of 10% + 3% cess
ANIL JANGID
(Expert)
20 December 2009
10.3%
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