RCM on royalty in Stone Crusher business [Resolved] GST
17 September 2024 The client is liable to pay GST on royalty amounts under the RCM The services received by the client fall under the category of Licensing services for the right to use minerals As per Notification No 11/2017 CT Rate the GST rate for a service similar to the sale of goods transfer in ownership is the same as the rate of their supply