Mines and Geology Royalty

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54 Points Posted on 05 January 2023
What is the rate of GST on Mines and Geology Royalty.....of Stone Crusher Units.....??
We are paying RCM on Royalty.
Can Royalty be charged in the Sales bill raised....??
If yes Can I collect GST on Royalty...??
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On 05 January 2023 at 18:50 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to Mines and Geology Royalty for stone crusher units. The prevailing GST rate is 18%. It confirms that royalty can indeed be included in sales bills, and if you charge customers for this royalty, you are also permitted to collect GST on that royalty amount.

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Finance Professional
9499 Points Posted on 06 January 2023

Yes, royalty can be charged in the sales bill raised. If you are charging your customers for the royalty, you can also collect GST on the royalty amount.

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On 06 January 2023 at 15:58
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na
1220 Points Posted on 06 January 2023

rate of GST on Mines and Geology Royalty = 18%

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On 06 January 2023 at 16:00
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54 Points Posted on 06 January 2023

Dear Sir,

Thanku for your replies.....🙏🙏

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On 06 January 2023 at 18:03

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