Rcm on royalties on mining.

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accounts manager
263 Points Posted on 28 September 2023
Does royalty on mining of stones comes under RCM ,if so what is the % of rcm
pls reply.
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On 28 September 2023 at 17:03 Report
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This discussion clarifies that the Reverse Charge Mechanism (RCM) does indeed apply to royalties on the mining of stones. The current Goods and Services Tax (GST) rate applicable in such cases is 18%.

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Employee Private
1913 Points Posted on 29 September 2023

Yes RCM is applicable. Present GST rate is 18%

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On 29 September 2023 at 15:28
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accounts manager
263 Points Posted on 03 October 2023
Thank you...
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On 03 October 2023 at 18:16

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