ROYALTY
Shubham Singhania (Student CA Final ) (293 Points)
25 June 2018If yes at what rate ?
And how do we make bill for supply of goods charging royalty fees extra from customer
Shubham Singhania (Student CA Final ) (293 Points)
25 June 2018
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 25 June 2018
ROYALTY ON USE OF NATURAL RESOURCES IS COLLECTED BY STATE GOVT.
THE SUPREME COURT IN "INDIA CEMENT LTD V. STATE OFTAMILNADU & OTHERS HAD HELD THAT ROYALTY IS A TAX & ITS PAYMENT FOR USE LAND
SO IN REFER TO ABOVE , THERE IS NO GST ON PAYMENT OF ROYALTY , AS THERE CANNOT BE TAX ON TAX