WebJun 21, 2024 · If you are not discharging GST on such royalty then department will come with full force to extract Tax, Interest and Penalty starting from 2016 till day. So, if you think the determined question are in your favor and ST/GST is not payable then challenge it. 6 Dated: 21-6-2024 By:- ABHISHEK TRIPATHI *Correction - removal of 'till day'. WebMar 27, 2024 · If the services listed in notification is supplied by an author to the publisher, then GST shall be paid by the publisher under reverse charge mechanism. The essence of the aforesaid provision is applicability of GST on specified services and …
Service Tax on Mining Royalty - TaxGuru
WebNov 18, 2024 · GST ON ROYALTY PAID FOR MINING OPERATIONS: 1. What is Royalty? ... still the tax in that case is not required to be paid under Reverse Charge Mechanism. … WebAug 22, 2024 · IV. That Royalty on the mineral extracted and dispatched at the rate as published by the Indian Bureau of Mines in its website is paid on a monthly basis. V. That … the warehouse bangalore
Classification of Royalty Payment & GST Rate applicable …
WebDec 16, 2024 · The contributions to National Mineral Exploration Trust (NMET) and District Mineral Foundation (DMF) qualify as consideration towards supply of mining service by Andhra Pradesh Government and they being includible under value of supply, are chargeable to GST under the Reverse Charge Mechanism in the hands of the … WebMay 17, 2024 · The rate of GST on service provided by the State of Rajasthan to the applicant for which royalty is being paid is 18% (SGST9% +C GST9°/0). c. As the applicant is recipient of the services provided by the State of Rajasthan he is liable to pay GST on reverse charge basis under entry number 5 of the Notification No 13/2024-CT (Rate) … WebThis is called a 'reverse charge'. Reverse charge is required on some offshore purchases, even though you are the purchaser and even if the sale would not normally be subject to … the warehouse balclutha