Copyright transfer taxation: authors may opt to pay central tax under forward charge, with prescribed registration and invoice declarations. The notification amends the State GST rate table to: substitute the entry for services by music composers, photographers and artists to music companies; insert an entry making supplies by authors of original literary works to publishers taxable while permitting authors to exercise an option to pay tax under forward charge subject to GST registration and filing of prescribed declarations (including an invoice declaration), with the option binding for one year; and insert entries taxing rental of motor vehicles to body corporates and securities lending under the SEBI Scheme. Two annexed declaration forms are prescribed.
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Provisions expressly mentioned in the judgment/order text.
Copyright transfer taxation: authors may opt to pay central tax under forward charge, with prescribed registration and invoice declarations.
The notification amends the State GST rate table to: substitute the entry for services by music composers, photographers and artists to music companies; insert an entry making supplies by authors of original literary works to publishers taxable while permitting authors to exercise an option to pay tax under forward charge subject to GST registration and filing of prescribed declarations (including an invoice declaration), with the option binding for one year; and insert entries taxing rental of motor vehicles to body corporates and securities lending under the SEBI Scheme. Two annexed declaration forms are prescribed.
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