https://www.taxtmi.com/article/detailed?id=13760 The Supreme Court's clarification that royalty is a consideration for the right to extract minerals, not a tax, affects GST treatment of services by Excess Royalty Collection Contractors (ERCC). This undermines the tax-like premise for the GST exemption under Notification No. 14/2018 Central Taxes (Rate), creating grounds for re-evaluation. Any removal or modification of the exemption would require a formal CBIC notification and is likely to be applied prospectively, while the judgment also affirms states' separate taxing powers over mineral rights and anticipates transitional measures for liabilities. en-us Mon, 10 Mar 2025 08:44:41 +0530 Mon, 10 Mar 2025 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13760 The Supreme Court's clarification that royalty is a consideration for the right to extract minerals, not a tax, affects GST treatment of services by Excess Royalty Collection Contractors (ERCC). This undermines the tax-like premise for the GST exemption under Notification No. 14/2018 Central Taxes (Rate), creating grounds for re-evaluation. Any removal or modification of the exemption would require a formal CBIC notification and is likely to be applied prospectively, while the judgment also affirms states' separate taxing powers over mineral rights and anticipates transitional measures for liabilities. Articles Goods and Services Tax - GST Mon, 10 Mar 2025 08:44:41 +0530 https://www.taxtmi.com/article/detailed?id=13760