ashish (CA) (79 Points)
30 May 2013
Respected Members,
The mega notification exempted 'Temporary transfer' of copyrights in a cinematographic film from the purview of tax.
However, I am still unclear about the taxation on Permanent transfer of copyrights in a cinematographic film.
Would really appreciate some insight.
Lalatendu Bal
(CA)
(49 Points)
Replied 02 June 2013
permanent transfer of copyright results into sale and there is no rendering of service hence service tax is not applicable however VAT/CST might be levied on such sale.
CAclubindia
