Royalty paid to obtain license for mining & exploration of natural resources is taxed @18% under RCM

GST: Where applicant received leasing/licensing services from Government for mining/quarrying of broken or crushed stones for road metalling or for railways and paid royalty for same, said activity of assignment of rights to use natural resources is treated as supply of services and applicant-licensee is required to pay tax on same under reverse charge mechanism Read more about Royalty paid to obtain license for mining & exploration of natural resources is taxed @18% under RCM[…]