12 April 2023
Assessee has a music label brand & it generates a royalty from IPRS on the basis of songs played on various platforms. The said amount are in transfered as royalty based on the no of times the songs have been played for a particular time.
Is GST applicable on the said amount received or the same will be paid by the IPRS on RCM basis. The music label is registered under GST as it has other business verticals as well.
13 April 2023
According to my Knowledge Supplies liable to RCM is notified and above mentioned service isnt covered under the same . So GST has to be charged on Forward Charge Mechanism and Rest need to read the Royalty Agreement for better clarity
CAclubindia
