About this document

GST on Mining Royalty and Charges by kavirajmanthan is a document available to read on EtoBox.

GST is applicable on royalty paid by mining companies to the government. Royalty is treated as the supply of the right to extract minerals. GST is payable by mining companies under the reverse charge mechanism at the rate applicable to the minerals being extracted. Mining companies must also pay GST under reverse charge on royalty amounts deducted from subcontractors. While some see District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) amounts as part of royalty, they are actually

Author

kavirajmanthan

Language

EN