TaxTMI 
TaxTMI 
TaxTMI 
Is transfer of brand (intangible) liable for GST?
GST applicability on transfer of brand
Mohideen A
GST Applies to Brand Transfers as Intangible Assets with HSN Code 997336; 12% Rate Split Between CGST and SGST. A query was raised about the applicability of GST on the transfer of a brand, which is considered an intangible asset. It was clarified that such a transfer is indeed subject to GST, with the Harmonized System of Nomenclature (HSN) code being 997336. The applicable GST rate is 12%, divided equally between Central GST (CGST) at 6% and State GST (SGST) at 6%. The discussion concluded with an acknowledgment of the provided information. (AI Summary)