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 ?
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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.
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