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Maharashtra: VAT On Intangibles!

Published on Tue, Jul 14,2015 | 23:22, Updated at Tue, Jul 14 at 23:22Source : Moneycontrol.com 

This EY Tax Alert summarizes Trade Circular No. 11T of 2015 dated 13 July 2015 issued by the Commissioner of Sales Tax, Maharashtra The Circular elucidates Bombay High Court's decision in the case of Tata Sons Limited and concludes that VAT can be levied on transfer of right to use goods of intangible nature i.e. trademark, technical know-how, copyright and other intangibles, etc. even if it is transferred to multiple users.

Attachments : VAT on Intangibles - Maharasthra - EY Alert.pdf
 
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