Running Royalty

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....unning Royalty<br> Query (Issue) Started By: - MITSUI PRIME Dated:- 3-4-2014 Last Reply Date:- 7-4-2014 Service Tax<br>Got 1 Reply<br>Service Tax<br>Dear Sir, Good Noon, Pl. advice to us if we will ....

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....going to pay royalty from India to Japan as a &quot;Running Royalty&quot; in such service tax position. service tax applicable on royalty or not. pl. advice. Thanks & Regards Arjun Sachdeva Repl....

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....y By Mukesh Shah: The Reply: Temporary transfer or permitting the use / enjoyment of any Intellectual property right is a declared service and liable to service tax. Royalty is normally paid toward....

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....s enjoyment of IP rights. The provider of service is assumed to be in Japan (non-taxable territory). Hence, recipient of service in India will be liable to pay service tax under reverse charge.<br> Di....

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