Is commission on franchise of ayurvedic items taxable or not? If taxable ; what is hsn cum gst rate?
Reply-SAC 997336 is for Licensing services for the right to use trademarks and franchises
Tax Rate
Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration.
** Same rate of central tax as on supply of like goods involving transfer of title in goods
[S.No.17(iii) of Noti. No.11/2017-CT (Rate) (S.No.25) Dated: 28.06.2017]
Also franchise and trademark are taxable under SAC 9983 @18%.
Posted Date: Sep 04, 2020