vat on permentaly transfer of trade mark, VAT + CST

[sanjay aggarwal]

We have transfered some trade mark on permanentely basis. Please adivse whether VAT appliacble on this transaction or not.

Posts / Replies

[rishi mohan]

Under Service Tax, tax is levied on :-

1.temporary transfer or permission to use  Patents, Trade-marks, Designs,

Under VAT, tax is levied on :

1.permanent transfer of right to use Patents, Trademarks, Designs.