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gst on royalty
any one know about gst on mines royalty
Replies (2)
Yes, on royalty GST will apply under reverse charge mechanism. Further, such payment of GST under reverse charge mechanism would be eligible as ITC in the hands of the recipient of supply for payment of GST.
I dont think that there is RCM on mine royalty
As per notification 13/2017 ,its only on royalty paid to music composer, artist, photgrpher
As per notification 13/2017 ,its only on royalty paid to music composer, artist, photgrpher
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