AAR: Licensing Services from State Govt. for iron-ore extraction taxable at 18% under 'reverse charge mechanism'

AAR rules that the royalty paid in respect of mining lease and the contributions made to the District Mineral Foundation (DMF), the National Mineral Exploration Trust (NMET) and the Goa Mineral Ore Permanent Fund Trust(GMOPFT) are classifiable under SAC Code 997337 as “Licensing services for the right to use minerals including its exploration and evaluation”; Holds that said service is subject to levy of GST @18% (5% till December 31, 2018) under reverse charge basis vide...