What will be the rate of tax on it. If it is goods then under which HSN code?

Whether intangible goods are to be taxed as goods or services under GST regime and what will be the rate of tax on it. If it is goods then under which HSN code.

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4 Answer(s)

Service

Answered on June 10, 2017.
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Firstly can you pls give me an example of intangible goods. And the definition of goods state that all kind of movable property excluding money and security. and serive definition state that anything other than goods excluding money and security. so it may fall within definition of service.

Answered on June 10, 2017.
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Intangible goods like software will be charged as service at 18 percent

Answered on June 10, 2017.
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Like import licences, Royalty, copy right, patent, tech know how, franchise, telecasing right etc.

Answered on June 10, 2017.
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Your Answer

Gen GST