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Question ID : 44719

GST on sale of distribution rights of pharmaceutical company

Distribution rights of pharmaceutical company sold to other for consideration. Whether GST is levied

Posted by CA ATUL TOSHNIWAL on Aug 28, 2024

Filed Under GST

Answer ID : 85491

Yes, GST is applicable on the sale of distribution rights of a pharmaceutical company for consideration. Such a transaction is considered a supply of service under GST law, and the applicable GST rate would depend on the nature of the rights being transferred. The transaction would generally be subject to GST unless it falls under a specific exemption.

Posted by CA. SURAJ KUMAR CHOUDHARY on Aug 29, 2024