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GST rate on sale of trade marks

Rate / HSN codes 220 views 2 replies

Sandeep Koonaparaju

Partner

39 Points Joined June 2010

Dear Friends,

What is the GST rate to be applied on sale of trade marks and what would be the relevant HSN code. In the list of HSN i could only find licensing of trade marks, couldnt find anything conclusive on the rate applicable for sale of trade marks.

Kindly Help

Thanks

Sandeep

Replies (2)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

As per Notification 41/2017 CT (R) DT. 15/11/2019
Permanent Transfer (Sale) of Intellectual Property other than information Technology software attracts GST at rate of 12

Hence it's 12% GST

Sandeep Koonaparaju

Partner

39 Points Joined June 2010

Thanks for the confirmation sir. I have gone through the notification and observed that under the HSN code column it is mentioned as 'any chapter'. In such cases which HSN code should we use? Please let me know.