Invoicing of royalty materials
This query is : Resolved
Nirmalendu1979
(Querist)
14 September 2017
Sir,
My client is a partnership firm having royalty for collecting boulders and stones form river bank with in N C Hills assam now please resolve my en-query about:-
1. The process of invoicing for sales and the treatment thereon
2. The treatment of entry in the books of accounts in respect of royalty paid to the government.
3.Is there any RCM invoicing applicable for generating supply invoice
My client is a partnership firm having royalty for collecting boulders and stones form river bank with in N C Hills assam now please resolve my en-query about:-
1. The process of invoicing for sales and the treatment thereon
2. The treatment of entry in the books of accounts in respect of royalty paid to the government.
3.Is there any RCM invoicing applicable for generating supply invoice
Vishakha Kejriwal.
(Expert)
15 September 2017
RCM is applicable for royalty paid to the Government as consideration for assignment of rights to use natural resources.
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