https://www.taxtmi.com/forum/issue?id=119723 Whether ITC may be availed on GST paid under RCM on royalty for sand extraction and used against lower-rate output tax. One advisory response affirms entitlement to claim and utilise ITC of RCM-paid GST on royalty. Participants flag that RCM tax may exceed output liability for lower-rated supplies, creating unusable excess ITC, and note royalty already paid cannot be refunded; RCM-paid tax can be claimed as ITC but output tax must be met from regular ITC or cash and not by reassigning RCM tax. en-us Sat, 15 Mar 2025 10:10:07 +0530 Wed, 09 Apr 2025 14:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119723 Whether ITC may be availed on GST paid under RCM on royalty for sand extraction and used against lower-rate output tax. One advisory response affirms entitlement to claim and utilise ITC of RCM-paid GST on royalty. Participants flag that RCM tax may exceed output liability for lower-rated supplies, creating unusable excess ITC, and note royalty already paid cannot be refunded; RCM-paid tax can be claimed as ITC but output tax must be met from regular ITC or cash and not by reassigning RCM tax. Discussion-Forum GST Sat, 15 Mar 2025 10:10:07 +0530 https://www.taxtmi.com/forum/issue?id=119723