ITC availment on RCM paid on royalty for mining lease for extraction of sand.

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..... ITC availment on RCM paid on royalty for mining lease for extraction of sand.
Query (Issue) Started By: - UPENDRA PANDYA Dated:- 15-3-2025 Last Reply Date:- 15-3-2025 Goods and Services Tax - GST< .....

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..... br>Got 1 Reply
GST
Hi, I would like to get some advice and guidance on the current issue of GST of 18% to paid as RCM in mining lease. My question is Can we claim or can avail the Input tax Cred .....

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..... it (ITC) on RCM of Royalty for minerals paid to government for the current Filing period?(For F.Y. 2024-25). In table 3 of GSTR 3b we are paying the RCM of 18% on Royalty for the month and paying the .....

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..... RCM in Challan and at the same time we are adjusting or treating it as ITC in table no. 4 of gstr3b return and setting off this ITC (18%) against Sale of sand @ 5% GST rate. Because if I remember cor .....

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..... rectly, as per the last judgment passed by the Honorable court , has mentioned that refund cannot be claimed back for inverted rate structure. under this case. So setting of this 18% ITC is it allowab .....

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..... le as per rules? I would be happy to receive the Guidance. Reply By Sadanand Bulbule: The Reply: You are entitled to claim and utilise ITC of RCM paid on Royalty on mining of sand.
Discussion F .....

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..... orum - Knowledge Sharing .....

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