Eye Share : Subsuming Royalty under GST - Silver Lining for Mining Industry ?

Some recent news articles state that the Mines Ministry is looking at Industry's proposal to classify 'royalties' from mines as ‘input cost’ under GST. Once royalties are considered as an input cost, entities would be able to claim benefit of Input Tax Credit (ITC).Mr. Brijesh Kothary (Principle Associate, Lakshmikumaran & Sridharan Attorneys) along with Mr. Nikhil Agarwal (Associate) discuss the issues, challenges and...