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GST rate of to pay up ISTP Royalty tax
U.P govt collects ISTP charges
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While tax authorities generally mandate an 18% GST on mining royalty under the Reverse Charge Mechanism, this practice is currently facing legal challenges in various courts. Many businesses pay the tax to ensure compliance while waiting for a definitive ruling from the Supreme Court. You should consult a tax professional to evaluate your specific situation and potential risks.
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