No VAT payable on Franchise Agreement Granted with Non-Exclusive License: Allahabad HC [Read Order]
While upholding the view taken by the Commercial Tax Tribunal, the court held that a balanced approach that takes into account the economic substance of franchise transactions and the need to prevent tax arbitrage and avoidance will ensure the integrity and effectiveness of the tax system
The Allahabad High Court has held that the franchise agreement granted a non-exclusive licence rather than a transfer of the right to use goods and the transaction does not attract Value Added Tax ( VAT ) under the Uttar Pradesh Value Added Tax Act ( UPVAT Act ), 2017. The department has filed the commercial…
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