GST ON ROYALTY INCOME

If the royalty exceeds Rs.20 lacs, then the person was supposed to register under GST and pay GST. If not paid, then it should now raise invoice, pay GST along with interest. The recipient would be able to take credit to the extent used by him for his taxable supplies.

Yes. Upto 20 lacs (provided there was no other billing in that year) can be issued without taking GST registration. Balance to be billed with GST and GST to be paid to the government.

GST registration is not required for turnover up to INR 20 lakh. However, it becomes mandatory to register for GST once the turnover exceeds this threshold, after always issue GST Invoices.