AAR : ‘Dead rent’ payable to Govt. towards transfer of mineral rights, taxable at 18% under RCM

Apr 24,2019

 Rajasthan AAR holds that Dead/Royalty/Surface rent payable by applicant to the Govt. for transfer of right to use minerals including its exploration and evaluation, is covered under Sl. No. 257 of Annexure appended to Notification No. 11/2017-Central Tax (Rate) included in heading 99733 under chapter 9973; Notes that applicant entered into a lease transfer agreement for obtaining mining lease and was engaged in mining of Wollastonite, Calcite, Feldspar and Quartz, class...

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