CST & VAT : Where assessee was engaged in business of operating supermarket and it entered into a franchise agreement with one 'R' for ten years and transferred licensed right of its names, marks, systems, insignia, symbols and goodwill exclusively in favour of 'R', franchise commission received by assessee from 'R' was taxable at rate of 4 per cent falling under Entry No. 46 of Part B of Schedule I of Tamil Nadu General Sales Tax Act, 1959
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