Tax Required on Royalties for 'Kingfisher' Brand Use in Packaged Water, Relates to Franchise Fees and VAT.

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Full Text of the Document

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....Levy of tax / VAT on franchisee fees/royalty paid - The assessee shall be liable to pay tax on the royalty received from the licensee dealers, who have been transferred the right to use brand name/trade mark-'Kingfisher' packaged drinking water - HC....