Respected All,
We have a Technical Agreement with our Parent Company (Korea). According to that agreement we can use the TRADEMARK of our Korean Company, here in India. As per agreement,We have to pay some decided Royalty.
If we use the Trademark in India, Is there any tax obligation (Direct Tax or Indiarect Tax). Please Advise.
(As per our previous experience with our China Plant, if we use the korean Trademark, The China Government charged some special tax for that)
Best Regards
PRADEEP KUMAR KAUSHIK
Indian Tax Obligations on Trademark Royalties: Potential Service Tax Liability Under Section 66A for IPR Usage A user inquired about potential tax obligations in India for using a trademark from their Korean parent company, as per a technical agreement that includes paying royalties. They referenced a previous experience where their China plant faced a special tax for using the Korean trademark. A respondent advised that they might be liable for service tax under section 66A of the Service Tax Laws, categorized under intellectual property rights (IPR). The inquirer requested further information on the procedure for valuing the service tax and the appropriate registration category. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
