03 December 2012
royalty paid for the use of the patent of the software by the indian company to the israeal company. Can such royalty payments attracts service tax under any head before 1st july 2012?
Payment of Royalty is liable to taxed under Intellectual Property Services only from 10-09-2004, M/s Switzer Instruments Ltd. Vs. CST Chennai, 2010 - TIOL-68- CESTAT -MAD
With effect from 16-06-2005, Taxable Services means any service provided or to be provided to any person, by the holder of IPR, in relation to Intellectual Property Services - Section 65 (105) (zzr)
Thanks//Vaibhav Revert for more clarity. Use thank button to convey your appreciation.