Is leasing out License to trade in Liquor is to be classified as IPR services. If yes is GST rate 12?.
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Is leasing out License to trade in Liquor is to be classified as IPR services. If yes is GST rate 12?.
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Sir,
In this regards, there are two scenario in this matter
In my point of view, point No.1 is applicable, as the IPR in India is governed by different Act such as, The patent Act, 1970, Trade Mark Act, Design Act, etc. So I do not find that leasing of license of liquor is falling or governed by any of such Acts, if any, querist is request to elaborate the same.
Our experts may like to correct me, if mistaken
Thanks
We do endorse the view as expressed by Mr. Jani that leasing out of Licenses to trade in Liquor will not fall under the Intellectual Property Rights unless untill you are using others' Trade Mark or Trade Name etc.
But liquor licence attracts gst or not.
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