Wanted Guidance for Intellectual Property Services:
Wanted to know if VAT is applicable? Also when can she start charging Service tax? Service tax registeration required if her services crosses Rs. 9 lakhs?
Hi Rima,
If the holder of design is :-
1. Transfering temporaroly ( not parmanant ) the design or
2. Allowing the use or enjoyment of the design
the service is taxable whether the said design is registred or not under the Design Act, 2000.
Secondly the basic exemption of 10 lacs is available to service provider but the registration is required if the turnover exceed Rs. 900000.
Thanks
CA ANOOP P K & ASSOCIATES
Kozhikode
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Subrahmanyam & Sivudu CA Firm
Hyderabad
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New Delhi
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