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ADDITIONAL TAXES ON MINING
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State governments should not tax minerals excessively, says Kishan ReddyUnion Mines Minister G Kishan Reddy urged state governments to refrain from imposing higher taxes on minerals, as it would increase the cos...
Steel Minister Kumaraswamy red flags high mineral tax by Karnataka governmentUnion Steel Minister H D Kumaraswamy has stated that additional taxes by Karnataka on mining operations will negatively impact the steel an...
Centre to mediate high state taxes stifling mining operationsThe Centre intends to consult with states to curb excessive taxation on mining operations, addressing concerns from the sector. This follow...
How Tata Steel and JSW Steel will be impacted by SC ruling on mining royaltyTata Steel, JSW Steel, and other mining companies might face increased costs due to additional state-imposed mining taxes, as per a Supreme...
Centre expects hit of over Rs 1 lakh crore from apex court order allowing retrospective mining leviesThe Centre expected mining companies to face a financial burden exceeding Rs 1 lakh crore due to a Supreme Court order allowing states to l...
Centre may amend MMDR Act to prevent further leviesSome companies could face dues running into thousands of crores if Thursday's Supreme Court order is applied retrospectively. This is becau...
Mining industry urges Goa govt not to tax it moreGoa's iron ore industry has urged the state government not to levy additional taxes on it during the forthcoming state Budget.
- Govt unlikely to consider super profit tax on miners
The government is unlikely to consider implementation of a super profit tax on miners, as the new mining Bill which is pending Parliament a...