State with brief reasons whether the following are to be treated as supply of goods/services, as per GST law: Permitting use of intellectual property right.
CS Executive · Tax Laws · PYQS · December 2018
State with brief reasons whether the following are to be treated as supply of goods/services, as per GST law: Permitting use of intellectual property right.
Answer & Explanation:
As per Schedule II of CGST Act, 2017, temporary transfer or permitting use or enjoyment of any intellectual property right is a supply of service and is liable for GST.
Topics: GST Law
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