Article Details
  • Published Online:
    October  2024
  • Product Name:
    The IUP Journal of Law Review
  • Product Type:
    Article
  • Product Code:
    IJLR101024
  • Author Name:
    Preyansi Anand Desai and Parth Trivedi
  • Availability:
    YES
  • Subject/Domain:
    Law
  • Download Format:
    PDF
  • Pages:
    112 - 122
GST Implications on Intellectual Property Transactions in India: An Overview
Abstract

Introduction

India’s IP landscape has undergone significant transformation, with IP now acting as a primary catalyst for innovation and economic growth across various sectors of the economy. Managing IP has become more difficult due to the financial and legal ramifications as businesses depend increasingly on these assets to obtain a competitive edge. In this context, it is crucial to note that transactions involving IP are subject to Goods and Services Tax (GST).