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ROYALTY LEVY
Efforts on to settle issue of recovery of mining royalty, tax dues with certain states: Centre to SCThe Centre is working to resolve royalty and tax disputes on mineral rights with states like Jharkhand. The Supreme Court deferred hearing ...
Supreme Court asks govt to final decision on case regarding royalty computation of mineralsThe Supreme Court has urged the Indian government to make a final decision regarding the calculation of royalty on minerals. The court high...
Mining tax case: SC ruling on royalty case may cut Indian mining cos a Rs 2 lakh crore billA Supreme Court ruling affirmed the power of Indian states to levy taxes on mineral rights, possibly resulting in arrears amounting to Rs 1...
SC verdict on Aug 14 on effect of judgement on state's power to tax mineral rightsA nine-judge constitution bench headed by Chief Justice DY Chandrachud was told by the Centre that it opposed the demand of states for refu...
Mining royalty case in SC: Centre says PSUs' burden would top Rs 70,000 cr if ruling made effective retrospectivelyThe Central government opposed states' plea in the Supreme Court for a refund of royalty levied on mines since 1989, arguing it would burde...
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...
Landmark Supreme Court ruling changes taxation rules for mining operatorsThe Supreme Court ruled that states can tax mineral rights under the Mines and Minerals Act 1957. In an 8:1 ruling, they deemed royalty as ...
Mining operators case: SC through majority opinion holds that royalty is not in the nature of taxA nine-judge Supreme Court bench, led by Chief Justice DY Chandrachud, has clarified that royalty is not considered a tax. This statement w...
SC reserves verdict on whether royalty on minerals is taxThe Supreme Court reserved its verdict on the taxation of minerals royalty under the Mines and Minerals Act, addressing the conflicting vie...
Row over royalty, equalisation levy at Delhi High Court's doorsSumo Logic has filed a writ petition in the Delhi High Court after the Income Tax Department refused to take a stand either way—keeping doo...
MNCs could face double taxation or get tax arbitrage due to new digital transaction lawTax experts say lack of clarity around the levy means different companies were interpreting it in a different way. Some companies are being...
FICCI seeks moderation in tax rates in mining sectorA steep fall in prices of major minerals has generated an appeal for moderation in tax rates in the mining sector. The issue pertains to mi...
Relief for business jet owners as aviation ministry scraps royalty hike"In the current business environment, the ministry's decision to do away with the hiked royalty charges is considered significant", Rohit K...
- ONGC wants to exit Cairn's Rajasthan oilfields
Oil and Natural Gas Corporation (ONGC) wants to exit Cairn India's prolific Rajasthan oilfields as it has found the project economically un...
- Power tariff may heat up with shift in coal royalty
Power tariffs are likely to go up further as the government is planning to revise royalty rates on coal, shifting it from the current speci...
- ONGC demands changes in royalty payment criteria
Oil and Natural Gas Corporation (ONGC) has demanded that royalty on crude oil be levied on the price it realises from refiners.
- ONGC seeks changes in royalty payment criteria
ONGC has demanded that royalty on crude oil be levied on the price it realises from refiners instead of the current practice of calculating...