Supply - License

Mining licenses, spectrum licenses,

Sudha Reddy

CA Final

★ 20K+

10-Sep-20 10:36

Hello team, please provide me 1 example with GST transaction on Licenses i just want to see, read and understood how the transaction looks like.

Thread Starter

ILLURU VISWESHWARA REDDY

CMA_US All

★ 33K+

10-Sep-20 10:58

example already mentioned above.

CA Suraj Lakhotia

Admin

10-Sep-20 11:07

Team, i am requesting that, how the GST transaction looks like with licese fee. On the videos, examples making me easy to understand. The above given was name of the fees but i am requesting how the terms in refence to GST looks like. If there is any link wherein i can find the example question would be fine...

Thread Starter

ILLURU VISWESHWARA REDDY

CMA_US All

★ 33K+

10-Sep-20 11:22

It is called license fees only. For example if a telcom company requires spectrum, they bid for spectrum license. On this GST is applicable.

CA Suraj Lakhotia

Admin

10-Sep-20 11:44

License is basically a right for something. Examples for that as Fire license, food safety license. They are given by Government. To obtain such license we are required to pay license fee. On that license fee also GST would apply. Trust this clarifies !

Shiva Teja

Faculty

10-Sep-20 11:51

Yes sir. THANK YOU

Thread Starter

ILLURU VISWESHWARA REDDY

CMA_US All

★ 33K+

10-Sep-20 13:23