GST exemption for assignment of royalty collection limited where GST paid by mining leaseholders is lower and ERCC liable. State Government services assigning the right to collect royalty to an Excess Royalty Collection Contractor (ERCC) are GST exempt. At contract end the ERCC must submit an account and certify whether GST deposited by mining lease holders on royalty exceeds the GST exempted on the assignment service. If GST paid by mining lease holders is less than the exempted amount, the exemption is limited to the GST paid by the leaseholders and the ERCC must pay the shortfall between the exempted GST and the GST actually paid by the mining lease holders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption for assignment of royalty collection limited where GST paid by mining leaseholders is lower and ERCC liable.
State Government services assigning the right to collect royalty to an Excess Royalty Collection Contractor (ERCC) are GST exempt. At contract end the ERCC must submit an account and certify whether GST deposited by mining lease holders on royalty exceeds the GST exempted on the assignment service. If GST paid by mining lease holders is less than the exempted amount, the exemption is limited to the GST paid by the leaseholders and the ERCC must pay the shortfall between the exempted GST and the GST actually paid by the mining lease holders.
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