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Centre proposes to curb powers of states to tax minerals
The central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the national viability of mining operations, as previous overly burdensome taxes deterred mineral extraction. Following a 2024 Supreme Court ruling that permitted states to add taxes, the proposed legislation aspires to introduce a standardized and fair financial framework for the mining industry.
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economictimes.indiatimes.com
Govt introduces bill in LS to restrict state taxes on mineral rights
The Centre has launched a new bill to limit state taxation on mineral rights, aiming to centralize authority over selected mineral-rich areas. This legislation seeks to ensure a…
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Centre proposes to curb powers of states to tax minerals
The central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the national viability of mining operations,…
