The CBIC vide Notification No. 13/2021-Central Tax (Rate) dated October 27, 2021 has further amended Notification No. 01/2017- Central Tax (Rate) dated June 28, 2017 to align GST rate on permanent transfer of Intellectual Property Right (“IPR”) in respect of goods by increasing GST rate from 12% to 18% and made it at par with supply of services.
Source: a2ztaxcorp.com