WebApr 12, 2024 · 12 April 2024 Assessee has a music label brand & it generates a royalty from IPRS on the basis of songs played on various platforms. The said amount are in transfered as royalty based on the no of times the songs have been played for a particular time. Is GST applicable on the said amount received or the same will be paid by the IPRS on RCM basis. Web1 day ago · By Navasree A.M - On April 14, 2024 7:00 am - 2 mins read. In a recent ruling, the Gujarat Appellate Authority for Advance Ruling (GAAAR) ruled that 18% Goods and Services Tax (GST) is applicable on the services supplied by the sub-sub-contractor to sub-contractors. The appellant, M/s Shreeji Earth Movers (sub-sub-contracor), a work …
Reverse Charge Mechanism (RCM) Under GST- 20 FAQs …
WebApr 10, 2024 · RT @BimalGST: Royalty paid to Government on Mining Lease Services is liable to GST under RCM: HC [2024] 148 taxmann. com 466 (Rajasthan) 10 Apr 2024 … WebAug 21, 2024 · In a set of Frequently Asked Questions (FAQs) released by the Central Board of Excise and Customs (CBEC), it was clarified that the license fee, lease charge, royalty etc paid to the Government for assigning the right to use natural resources are subject to Goods and Services Tax (GST) under reverse charge. how far away is memphis tennessee
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WebMar 10, 2024 · RCM on royalty paid to foreign company. GST Doctor. Friday, March 10, 2024. Under GST regime, temporary transfer or permitting the use or enjoyment of intellectual property right constitutes supply of service as per Schedule II read with Section 7 of CGST Act 2024. Relevant Section: Section 7 of CGST Act 2024. WebOct 13, 2024 · The Supreme Court has stayed the imposition of GST on royalty paid mining rights given to a petitioner. GST at the rate of 18 per cent is imposed on royalty given to the state governments for mining rights. WebSep 6, 2024 · 1 Dated: 10-6-2024. By:- YAGAY andSUN. On which activity Government is deducting royalty. Please confirm. However in our view Under RCM rate is 5% and if it is … how far away is mendota il from oswego il