Learn about GST applicability on royalties paid for mining rights, its legal status, and how miners can manage their tax liabilities efficiently through reverse charges and input tax credits.
The Audit process under the Goods and Services is to verify if the GST has been accounted properly in registered person’s transactions, ensure that registered person has reported correct information in GST returns and verification of documents maintained or furnished the registered person.
Understand the impact of Section 16(4) of CGST Act as amended by notification No. 18/2022 on Input Tax Credit conditions.
