Royalty on the exploration of lime mineral is covered under SAC 9973 (iii) -- the rate prescribed there is the same rate of central tax as on like goods involving transfer of title to goods
2521 is the relevant entry - Lime stone flux; lime stone and other calcareous stones of a kind used for the manufacture of lime or cement and the rate is 2.5 CGST and 2.5% SGST
so i am of the view that 5% rate is only applicable
can anyone confirm my view
Debate on GST Rate for Mineral Royalties: 5% or 18%? Key Arguments on SAC 9973 and HSN 9973 37. The discussion revolves around the Goods and Services Tax (GST) rate applicable to royalties on the exploration of minerals, specifically lime minerals. Participants debate whether the rate is 5% or 18%, referencing various legal rulings and notifications. Some argue that the rate should be 5% based on SAC 9973 and similar goods, while others cite decisions indicating an 18% rate under HSN 9973 37. The conversation highlights differing interpretations based on contractual clauses and the nature of transactions, such as whether the title to goods is transferred. The consensus leans towards an 18% rate, with further clarification sought. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
