WebJun 22, 2024 · Till 31.12.2024 the rate of GST on the impugned services was applicable at the rate of tax as applicable to like goods involving transfer of title of goods i.e. 5% in the case of iron ore, the goods supplied by the applicant, and the rate of GST stands increased to 18% (CGST 9% + SGST 9% ) from 01.01.2024 onwards. WebApr 12, 2024 · 12 April 2024 Assessee has a music label brand & it generates a royalty from IPRS on the basis of songs played on various platforms. The said amount are in transfered as royalty based on the no of times the songs have been played for a particular time. Is GST applicable on the said amount received or the same will be paid by the …
Plea for no GST levy on royalty, dead rent paid by mining concession ...
WebApr 28, 2024 · Under the Rajasthan Minor Minerals Concession Rules, 2024, the term 'royalty' means the charge payable to the government in respect of the ore or mineral excavated, consumed or removed from any land granted under … WebAug 22, 2024 · GST is a tax on supply, however, under the concept of RCM, the liability to pay tax is on the recipient of supply of goods and services instead of the supplier of such goods or services. Section 9(3) and 9(4) of the Central Goods and Services Tax Act, 2024 (CGST Act) provide two scenarios in which tax shall be chargeable on RCM basis: phenoxymethylpenicillin tablets 250mg
CA Bimal Jain on Twitter: "Royalty paid to Government on Mining …
WebJun 21, 2024 · RCM APPLICABLE ON GOVT ROYAL SEIGNIORAGE Contents SIR, ONE OF THE ASSESSEE ( HIGH WAYS CONTRACTOR) ENTERED INTO AN AGREEMENT WITH GEOLOGY AND MINING DEPARTMENT FOR ROAD LAYING STONES. FOR THIS, THE ASSESSEE HAS NOT PAID REVERSE CHARGE MECHANISM UNDER … WebMar 27, 2024 · If the services listed in notification is supplied by an author to the publisher, then GST shall be paid by the publisher under reverse charge mechanism. The … WebSep 10, 2024 · On the flip side, one among the authorities of Advance Judgement (AAR) has ruled that GST liability must be discharged under reverse-charge mechanism on the absolute of interest calculated +91-9818314719 +91-9818330516 +91-9811118031 [email protected] Home; ... Interest Paid for Late Payment Under Import: RCM Applicable? … phenoxymethylpenicillin tablet size