GST is applicable on mining lease payments, including royalty, ...

Mining royalty payments to Rajasthan govt attract 18% GST under RCM; upfront amounts before lease also liable.

Case Laws GST

October 17, 2024

GST is applicable on mining lease payments, including royalty, payable to the Government of Rajasthan under reverse charge mechanism (RCM) at 18% (9% CGST and 9% SGST). The applicant is liable to pay GST on upfront payments made as per tender conditions before issuing Letter of Intent (LOI) and after issuing LOI but before entering into the lease agreement, under RCM. The applicant can claim input tax credit (ITC) of GST paid under RCM, subject to conditions u/s 16 of CGST Act, 2017. The applicant needs to obtain GST registration in Rajasthan for paying GST.

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GST is applicable on mining lease payments, including royalty, ...

Mining royalty payments to Rajasthan govt attract 18% GST under RCM; upfront amounts before lease also liable.

Case Laws GST

October 17, 2024

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