RCM on Granite Mining Royalty

[Rajendra Prasad]

Dear Sir,

What is the RCM Rate on Granite Mining Royalty.

Please clarify.

AI Summary

Reverse charge on mining royalty attracts the standard GST rate regardless of the mineral type.
Royalty paid for granite mining is taxable under the reverse charge mechanism and must be subjected to the standard GST rate applicable to mineral royalties; the rate does not vary by mineral type and taxpayers should apply the uniform standard rate when discharging RCM obligations.