Service tax on permanenet transfer of copyrights

Queries 1364 views 1 replies

ashish

79 Points Joined September 2008

Respected Members,

The mega notification exempted 'Temporary transfer' of copyrights in a cinematographic film from the purview of tax.
However, I am still unclear about the taxation on Permanent transfer of copyrights in a cinematographic film.

Would really appreciate some insight.

Replies (1)

Lalatendu Bal

49 Points Joined August 2009

permanent transfer of copyright results into sale and there is no rendering of service hence service tax is not applicable however VAT/CST might be levied on such sale.