https://www.taxtmi.com/caselaws?id=163921 Royalty received for allowing franchisees to use a trade mark was treated as consideration for a transfer of the right to use an intangible commercial asset. The Court applied the principle that "goods" can include incorporeal property capable of transfer and commercial exploitation, so the royalty arrangement fell within the sales tax net under the Kerala General Sales Tax Act, 1963. On that basis, the receipts were held to constitute turnover and taxable turnover, and the revision failed as the Revenue's position was upheld. en-us Tue, 03 Nov 2009 00:00:00 +0530 Tue, 28 Oct 2014 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163921 Royalty received for allowing franchisees to use a trade mark was treated as consideration for a transfer of the right to use an intangible commercial asset. The Court applied the principle that "goods" can include incorporeal property capable of transfer and commercial exploitation, so the royalty arrangement fell within the sales tax net under the Kerala General Sales Tax Act, 1963. On that basis, the receipts were held to constitute turnover and taxable turnover, and the revision failed as the Revenue's position was upheld. Case-Laws VAT and Sales Tax Tue, 03 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163921