What will be the place of supply if the resident owned a trademark which is registered outside India and is sold outside India and consideration is received in INR ? Is GST applicable on this transaction? Is it export ?
Menu
Gst on trademark
Replies (1)
1. it is not export because the consideration is not received in convertible foreign exchange.
2. Since schedule II only deals with temporary transfer of right in intellectual property as services, as per my knowledge permanent transfer of trademark is treated as good.
3. in Gst export means moving goods out of India.
4. Since in this case goods are not moving out of India it will not be treated as export, but it will be treated as inter state supply (under residual head) liable to Gst as per my knowledge.
2. Since schedule II only deals with temporary transfer of right in intellectual property as services, as per my knowledge permanent transfer of trademark is treated as good.
3. in Gst export means moving goods out of India.
4. Since in this case goods are not moving out of India it will not be treated as export, but it will be treated as inter state supply (under residual head) liable to Gst as per my knowledge.
Recent Topics :
- Gross total income
- Export Compliance
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
- HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
Related Topics :
CAclubindia
