February 22, 2022
Temporary vs. Permanent Transfer of IPR: An Analysis of GST rates
In the 45th GST council meeting, the GST rates of permanent transfer of IPR services is increased from 12 percent to 18 percent. There was no further amendment in the rate of goods notification except the increment of service tariff from 12 to 18 percent. GST rates of 18% on permanent transfer of IPRs has been amended in order to avoid any ambiguities. The notification no. 13/2021 dated October 27, 2021 was released by central tax to put GST rate on...
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