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Intellectual Property

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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...

In today’s global knowledge economy, all businesses irrespective of their size and scale are bound to create ‘intangible assets’ of various kinds and their value may exceed even their ‘tangible assets’. This equally applies to individual IP holders, institutes, SMEs, start-ups as well as other large scale businesses. The valuation of Intellectual Properties and other intangible assets is one of the important concepts of intellectual property (IP) law. The value of an IP is a monetary compensation that is expected...

Animation Industry has evolved a lot in the past decade. It is now one of the most popular and growing diligences in the world. Its expansion has created a special interest in those people who wants to create animated content. While speaking of big animation studios like Disney, Pixar & DreamWorks, we should not forget that Indian animation has a come a long way since the first Indian stop-motion film by Dadasaheb Phalke in 1941. Amongst the big names of...