Royalty amount for mining is to be included while arriving at the transaction value for payment GST

Royalty amount for mining is to be included while arriving at the transaction value for payment GST https://www.taxtmi.com/article/detailed?id=10989 Royalty paid to the State for mining licensing services is a taxable service under SAC-997337 and is subject to GST under the Reverse Charge Mechanism by the business recipient. Royalty amounts paid by the supplier and reimbursed by the recipient must be included in the transaction value for the supply of services and form part of the consideration for computing GST under Section 15 of the CGST Act. en-us Mon, 16 Jan 2023 20:26:11 +0530 Mon, 16 Jan 2023 20:26:11 +0530 TaxTMI RSS Generator Royalty amount for mining is to be included while arriving at the transaction value for payment GST https://www.taxtmi.com/article/detailed?id=10989 Royalty paid to the State for mining licensing services is a taxable service under SAC-997337 and is subject to GST under the Reverse Charge Mechanism by the business recipient. Royalty amounts paid by the supplier and reimbursed by the recipient must be included in the transaction value for the supply of services and form part of the consideration for computing GST under Section 15 of the CGST Act. Articles Goods and Services Tax - GST Mon, 16 Jan 2023 20:26:11 +0530 https://www.taxtmi.com/article/detailed?id=10989