RCM on Granite Mining Royalty

[Rajendra Prasad]

Dear Sir,

What is the RCM Rate on Granite Mining Royalty.

Please clarify.

AI Summary

Granite Mining Royalty under GST Confirmed at 18% RCM Rate, Unaffected by Mineral Type Differences A query was raised regarding the Reverse Charge Mechanism (RCM) rate applicable to granite mining royalty under the Goods and Services Tax (GST). One participant referred to a specific issue ID for further information. Another participant responded that the applicable RCM rate appears to be 18%. A subsequent reply confirmed that the RCM rate is 18% and does not vary with the type of minerals involved.