https://www.taxtmi.com/article/detailed?id=10024 The document explains a proposed harmonisation of tax rates so that transfers of copyright-based rights by assignment (licensing services) are taxed at the same rate as distribution services. It stresses that classification turns on the substantive transfer of rights and liabilities-not the form of consideration such as revenue sharing-and advises that agreements executed and invoiced before the amendment's effective date should remain taxable at the prior rate under time-of-supply mechanics. en-us Mon, 27 Sep 2021 13:23:17 +0530 Mon, 27 Sep 2021 13:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10024 The document explains a proposed harmonisation of tax rates so that transfers of copyright-based rights by assignment (licensing services) are taxed at the same rate as distribution services. It stresses that classification turns on the substantive transfer of rights and liabilities-not the form of consideration such as revenue sharing-and advises that agreements executed and invoiced before the amendment's effective date should remain taxable at the prior rate under time-of-supply mechanics. Articles Goods and Services Tax - GST Mon, 27 Sep 2021 13:23:17 +0530 https://www.taxtmi.com/article/detailed?id=10024