TaxTMI 
TaxTMI 
Company is receiving royalty on books , whether taxable under service tax ?
royalty received from books
13 Mar 2017 
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Copyright royalty taxation: royalties for original literary works may be exempt, but commercial exploitation of acquired copyrights can be taxable.
Exemption covers services by way of temporary transfer or permitting the use or enjoyment of copyright in original literary, dramatic, musical or artistic works, so royalties paid for use of original works are exempt from service tax. If a company has acquired copyrights and commercially exploits them, the royalty may be treated as payment for a taxable service rather than an exempt royalty for original literary creations. (AI Summary)
Exemption covers services by way of temporary transfer or permitting the use or enjoyment of copyright in original literary, dramatic, musical or artistic works, so royalties paid for use of original works are exempt from service tax. If a company has acquired copyrights and commercially exploits them, the royalty may be treated as payment for a taxable service rather than an exempt royalty for original literary creations. (AI Summary)