Author option to pay state tax under forward charge allows registered authors to tax copyright transfers to publishers after declaration. The amendment inserts an elective forward charge regime (entry 9A) under which an author of original literary works may, after registering under the State GST law and filing the prescribed Annexure I declaration, opt to pay state tax on transfers or permits to use copyright to a publisher; the election requires an invoice declaration (Annexure II) and is binding for at least one year. The notification also adds entries for motor vehicle renting to body corporates and for securities lending services under the SEBI scheme, and prescribes the effective commencement date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Author option to pay state tax under forward charge allows registered authors to tax copyright transfers to publishers after declaration.
The amendment inserts an elective forward charge regime (entry 9A) under which an author of original literary works may, after registering under the State GST law and filing the prescribed Annexure I declaration, opt to pay state tax on transfers or permits to use copyright to a publisher; the election requires an invoice declaration (Annexure II) and is binding for at least one year. The notification also adds entries for motor vehicle renting to body corporates and for securities lending services under the SEBI scheme, and prescribes the effective commencement date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
