https://www.taxtmi.com/forum/issue?id=118736 Dispute centers on whether GST charged on a separately-stated royalty component in iron ore invoices affects buyers' entitlement to input tax credit. Claimants invoke Section 16 entitlement and Section 15 valuation principles to treat royalty as part of the transaction value of ore; counter-arguments stress classification (goods v. licencing service), correct incidence under the reverse charge mechanism, and invoicing practice. Appellate findings reproduced note that separate charging at a higher rate may cause excess GST collection, implicating refund or reversal remedies, while higher judicial determination on the nature of royalty remains pending. en-us Tue, 05 Sep 2023 19:53:04 +0530 Fri, 24 Jan 2025 10:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118736 Dispute centers on whether GST charged on a separately-stated royalty component in iron ore invoices affects buyers' entitlement to input tax credit. Claimants invoke Section 16 entitlement and Section 15 valuation principles to treat royalty as part of the transaction value of ore; counter-arguments stress classification (goods v. licencing service), correct incidence under the reverse charge mechanism, and invoicing practice. Appellate findings reproduced note that separate charging at a higher rate may cause excess GST collection, implicating refund or reversal remedies, while higher judicial determination on the nature of royalty remains pending. Discussion-Forum GST Tue, 05 Sep 2023 19:53:04 +0530 https://www.taxtmi.com/forum/issue?id=118736