Eye Share: GST Implications on Permanent Assignment of Trademark

Supply of goods or services triggers the levy under Goods and Services Tax (GST) law. While supply is defined in the broadest possible terms under Section 7 of the Central Goods and Services Tax, Act, 2017 (CGST Act), the precursor i.e. determination of the underlying subject of supply being “Goods” or “Services”, becomes paramount.The author Mr. Sanjeev Nair (Principal Associate, PDS Legal), opines that an outright assignment of Trademarks will be a deemed ...