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RCM RATE ON ROYALTY PAID TO GOVT.
Pls detailed Rate of RCM on Royalty paid to government for use of natural resources by a infrastructure company.
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As per Notification 11/2017 CT (r) , Transfer of Right to use any goods , the GST will be applicable the rate of Goods.
So the rate applicable on goods being extract will the rate applicable for royalty
So the rate applicable on goods being extract will the rate applicable for royalty
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