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GST rate on sale of trade marks

Sandeep Koonaparaju (Partner) (39 Points)

16 January 2020

Dear Friends,

What is the GST rate to be applied on sale of trade marks and what would be the relevant HSN code. In the list of HSN i could only find licensing of trade marks, couldnt find anything conclusive on the rate applicable for sale of trade marks.

Kindly Help

Thanks

Sandeep

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2 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 17 January 2020

As per Notification 41/2017 CT (R) DT. 15/11/2019
Permanent Transfer (Sale) of Intellectual Property other than information Technology software attracts GST at rate of 12

Hence it's 12% GST

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Sandeep Koonaparaju (Partner) (39 Points)
Replied 23 January 2020

Thanks for the confirmation sir. I have gone through the notification and observed that under the HSN code column it is mentioned as 'any chapter'. In such cases which HSN code should we use? Please let me know.