vat on permentaly transfer of trade mark

[Guest]

We have transfered some trade mark on permanentely basis. Please adivse whether VAT appliacble on this transaction or not.

AI Summary

VAT Applies to Permanent Trademark Transfers; Service Tax for Temporary Use Only A query was raised regarding the applicability of VAT on the permanent transfer of a trademark. The response clarified that under VAT, tax is indeed levied on the permanent transfer of the right to use patents, trademarks, and designs. This contrasts with Service Tax, which applies to temporary transfers or permissions to use such intellectual properties.