Thursday, June 13, 2019

Transfer of technical knowhow by Foreign Company to its Indian subsidiary is deemed sale under Maharashtra VAT

GST/CST & VAT : Agreements between applicant a U.K. based company and its Indian subsidiary where applicant helps its Indian subsidiary to develop drugs is transfer of technical know-how which is deemed sale under MVAT Act, 2002 and situs of sale is where property is registered for purposes of VAT

from www.taxmann.com Latest Case Laws http://bit.ly/2wRL3H4
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