CA
30 Points
Joined January 2011
Royalty received is aplicable for Service Tax under Intellectual Property Rights (IPR)
For IPR the following is taxable,
Any service provided or to be provided to any person, by the holder of IPR in relation to intellectual property service;
And IPR means any right to intangible property, it can be in the form of trade marks, designs, patents or any other intangible property under any law but does not include copyright.
If royalty income is received for any IPR the same will be covered as providing service in relation to IPR service