Is gst applicable on royalty income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2018
For Royalty Income,
If a company is included in exempted supply of goods or service, is it liable for GST ?
Whether it is included in RCM or not?
At which rate it is taxed?
If a company is included in exempted supply of goods or service, is it liable for GST ?
Whether it is included in RCM or not?
At which rate it is taxed?
29 January 2018
Company is liable for GST at 18% on royalty income. RCM not applicable now.
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