Transfer of Patent Rights subject to tax under CST Act

MS. Lal Products Vs Intelligence Officer (High Court Kerala) Conclusion: Transfer of patent rights would be subject to CST as while transferring of intangible rights obtained under a statute, to another entity having its place of business in another State; from where the transferee intended to exercise such rights thereafter, postulated a movement of the intangible, corporeal goods from one State to another and, hence, would be an inter-state sale assessable to tax. Held: In the present case, assessee-company having registered office within the State of Kerala had transferred its patent rights...