AAAR: Royalty paid to Govt. for assignment of mining lease, taxable at 18%, upholds AAR Order

Rajasthan AAAR finds that activity of assignment of rights to use natural resources merits classification under Service Code 997337 [Licensing services for the right to use minerals including its exploration and evaluation (entry No. 257)]; Perusing the Notification No. 27/2018- Central Tax (Rate) dated December 31, 2018 brought pursuant to recommendations made during 31st GST Council Meeting, opines that said service is not classifiable under entry No. (iii), (iv) and (...