Royalty = Supply of service under GST
FCM applies when both parties are registered
RCM applies when paid to unregistered persons (safe view) or in notified cases like Govt/mining
Always evaluate nature of royalty + supplier status before deciding
Supply of service under gst is peculiar.
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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