Goodwill CHARGEABLE IN GST

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Finance Professional
30 Points Posted on 19 May 2020
what's the rate for Goodwill and what section
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On 19 May 2020 at 22:46 Report
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This discussion clarifies the Goods and Services Tax (GST) applicable to goodwill. It highlights that GST is indeed chargeable on goodwill, with the rate typically being 18%. This rate is often applied to the permanent transfer of Intellectual Property Rights (IPR), particularly for information technology software, as per Notification 46/2017 CT (r).

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182 Points Posted on 19 May 2020
GST on goodwill 18%
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On 19 May 2020 at 23:20
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GST Practitioner
55067 Points Posted on 19 May 2020
As per Notification 46/2017 CT (r) :
Permanent Transfer of IPR other than information technology software attracts GST 12% & in respect of Information Technology software attracts GST 18%
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On 19 May 2020 at 23:58

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