State whether the following are supply of goods/services, as per GST law, with brief reasons: Permitting use of registered patent for annual fee.
CS Professional · Advanced Tax Laws · PYQS · December 2019
State whether the following are supply of goods/services, as per GST law, with brief reasons: Permitting use of registered patent for annual fee.
Answer & Explanation:
As per Clause 5(c) of Schedule II of the CGST Act provides that Temporary transfer or permitting the use or enjoyment of any intellectual property right is supply of service. Hence, permitting use of registered patent/ trade mark shall amount to supply of service .
Topics: Goods and Services Tax (GST)
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