TaxTMI 
TaxTMI 
ROYALTY PAYABLE UNDER MINING LEASE FOR EXTRACTION OF MINERALS FORMS PART OF EXCISABLE TURNOVER.PLEASE THROW LIGHT ON THIS ISSUE.
VALUATION UNDER CENTRAL EXCISE
23 Apr 2012 
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Royalty under mining lease may form part of excisable turnover and attract service tax for mining activities.
Royalty payable under a mining lease for extraction of minerals is treated as part of the excisable turnover for valuation purposes and may attract service tax under mining-related activities. (AI Summary)
Royalty payable under a mining lease for extraction of minerals is treated as part of the excisable turnover for valuation purposes and may attract service tax under mining-related activities. (AI Summary)
