https://www.taxtmi.com/caselaws?id=371842 The court determined that the situs of sale for intangible goods like trademarks and patents is where the contract for transfer is executed. Such sales are taxable under the KGST Act and KVAT Act. The transfer of intangible rights from Kerala to another state constitutes an inter-State sale under the CST Act. Penalties for tax evasion were set aside due to a genuine misunderstanding of legal precedents. The assessment of non-competition fees was set aside, but the CST Act assessment for trademark or goodwill transfer was upheld. Each party was ordered to bear their respective costs, with the option to file statutory appeals within 30 days. en-us Thu, 06 Dec 2018 00:00:00 +0530 Fri, 17 May 2019 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371842 The court determined that the situs of sale for intangible goods like trademarks and patents is where the contract for transfer is executed. Such sales are taxable under the KGST Act and KVAT Act. The transfer of intangible rights from Kerala to another state constitutes an inter-State sale under the CST Act. Penalties for tax evasion were set aside due to a genuine misunderstanding of legal precedents. The assessment of non-competition fees was set aside, but the CST Act assessment for trademark or goodwill transfer was upheld. Each party was ordered to bear their respective costs, with the option to file statutory appeals within 30 days. Case-Laws VAT and Sales Tax Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371842