Is gst payable on royalty to authors under RCM payable by publishers
Can the publishers claim ITC
if not then can such publishers should pass on gst to its customers
Menu
GST on royalty payable to authors
Replies (2)
Yes RCM is applicable on publisher on royalty paid to author As per notification 13/2017 CT(rate), & Publisher can't claim RCM.
As books are exempted in GST by notification 2/2017, so the publisher cannot claim input for its inward supply, so it's expense for him , so in my view cannot pass the input claim to customer
As books are exempted in GST by notification 2/2017, so the publisher cannot claim input for its inward supply, so it's expense for him , so in my view cannot pass the input claim to customer
Are there reverse charges for advance payment of royalty.
Recent Threads
- TDS on DDA Flat Purchase
- Can CA Foundation be done without coaching
- Department issue notice to client to pay TC
- Income from profession less than 50 Lakhs
- Discover the Best CA Classes in Delhi for a Succes
- Is CA Foundation Compulsory for Becoming a Charter
- Setting CA practice.
- Difficulty in uploading itr3
- Gift received from Sister
- "off market credit transactions" mention
Related Threads
CAclubindia
