Atul Toshniwal (3 Points)
28 August 2024Distribution rights of pharmaceutical company sold to other for consideration. Whether GST is levied
prasad Nilugal
( GST Practitioner & Accounts )
(14912 Points)
Replied 28 August 2024
In my Opinion you Can apply for advance ruling under section 97(2)(e) of the CGST Act 2017 also take more opinion on this.
Money Money
(433 Points)
Replied 29 August 2024
prasad Nilugal
( GST Practitioner & Accounts )
(14912 Points)
Replied 29 August 2024
At what rate GST applicable on this type of supply,as per the rate notification 1/2017?. what is the HSN /SAC code ?. please elaborate in detail .
Rajendra Prasad
(Employee Private)
(1913 Points)
Replied 29 August 2024
In my opinion the distribution rights will be intellectual property rights and will be taxable under SAC Code 9973 @ 18%.
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