Author: Nishtha Mukherjee
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India: Higher GST pleases iron ore miners but reduces mills’ cash flow
The goods and services tax (GST) on ores and concentrates of metals such as iron, copper, aluminum, zinc and few others has been increased from the existing 5% to 18%. The decision was taken at the GST Council’s 45th meeting, held in Lucknow on 17 Sept’21, under the chairmanship of Finance and Corporate Affairs Minister…