Running Royalty

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..... Running Royalty
Query (Issue) Started By: - MITSUI PRIME Dated:- 3-4-2014 Last Reply Date:- 7-4-2014 Service Tax
Got 1 Reply
Service Tax
Dear Sir, Good Noon, Pl. advice to us if we will .....

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..... going to pay royalty from India to Japan as a "Running Royalty" in such service tax position. service tax applicable on royalty or not. pl. advice. Thanks & Regards Arjun Sachdeva Rep .....

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..... ly By Mukesh Shah: The Reply: Temporary transfer or permitting the use / enjoyment of any Intellectual property right is a declared service and liable to service tax. Royalty is normally paid towar .....

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..... ds enjoyment of IP rights. The provider of service is assumed to be in Japan (non-taxable territory). Hence, recipient of service in India will be liable to pay service tax under reverse charge.
D .....

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..... iscussion Forum - Knowledge Sharing .....

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