Classication of Goods or Service

[HIMANSHU BHUSHAN]

Assignment of trade mark is a supply of goods or service under GST

AI Summary

Debate on Trademark Assignments Under GST: Are Permanent Transfers Goods or Services? Key Role of Contract Terms. A discussion on the classification of trademark assignments under GST law, focusing on whether they constitute a supply of goods or services. Participants debated whether a permanent transfer of intellectual property rights (IPR) is classified as goods or services. Some argued that permanent transfers are goods, referencing the GST Notification No. 1/2017 and Notification No. 11/2017, which tax such transfers at 18%. Others highlighted Schedule II of the GST Act, which treats temporary transfers as services. The discussion emphasized the importance of contract terms in determining the nature of the transfer.