Author: Nishtha Mukherjee
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Explained: What is the GST calculation on iron ore?
The government recently proposed to hike the goods and services tax (GST) to 18% from the previous 5% on mineral ores, raising several questions as to what the ultimate impact would be on mills’ revenues. Do they stand to lose? SteelMint went behind the scenes to find out If we take the cost of iron…