Penguin Trading and Agencies Limited ., In re
Date: November 5, 2019
Subject Matter
Licensing service for the right to use minerals including its exploration and evaluation is taxable@18% during 07/2017 to 12/2018.
Summary
The Applicant has requested to pass an order holding that the Rate of GST, payable by them under Reverse Charge Mechanism, on royalty paid to Government for mining of iron ore for the period July, 2017 to December, 2018 would be 5 % i.e. rate of GST…
M/s Penguin Trading and Agencies Limited Room No 201 & 204, Maa Parvati Enclave, 2nd Floor, Station Road, Barbil, Odisha, Pin – 758035 (Here-in after referred as ‘The Applicant’) filed an application before AAR Odisha on 24.05.2019 under Section 97 of the Odisha Goods and Service Tax Act 2017 /CGST Act, 2017 seeking an advance ruling on rate of GST payable by them under Rever…