Goodwill CHARGEABLE IN GST

what's the rate for Goodwill and what section
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Quick Summary
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).

GST on goodwill 18%
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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