| Originally posted by : Amiit Gupta | ||
 |
Good evening everyone! case 1: A company X (in India) receives service for using patent right of company Y (Indonesia) and pays ROYALTY to Y. case 2: if Company Y (Indian company) my question wrt to above cases: ^ Is gst applicable on the above nature of service?? ^If yes, then what will be the rate of Gst applicable? 12 /18?? |  |
No Tax Rate Given on Royalty.
But It is supply as per GST
| Originally posted by : Amiit Gupta | ||
|
so what would be the final conclusion? kindly elaborate | |
Final Conclusion is
It is a supply and tax rate is not given for Royalty
Therefore due to this transaction is supply that Rate is Charged 18 % ( Because this service is not specified than 18 % rate Applicable )
All other services not specified elsewhere THAN 18 %
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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