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
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