I have given a few franchises and I get franchise fees at the time of setup and royalty on their sales.
1. What is the GST percentage on Franchise Fees? As transfer of intellectual property shows 12% but some people were saying its 18%. 2. What is the GST percentage on the royalty received? As transfer of intellectual property shows 12% but some people were saying its 18%. 3. When they pay the franchise fees or royalty to me do they need to deduct TDS? - There are many online platforms where I advertise my brand, and there they give a GST bill but I do not have to deduct any TDS, so in this case also as I am giving a GST bill do they need to deduct TDS? As the online advertising companies like Google India, Franchise India etc charge me the complete amount and no TDS is to be deducted. 4. When is ESIC and PF applicable for my staff?
CAclubindia
