Tag: Karnataka moves to levy mineral taxes citing SC 25 July 2024 order

Taxes for non-auctioned mines will be imposed at a rate equivalent to three times the royalty Taxes to be levied prospectively & retrospectively from 1 Apr’05 In a move that has brought uncertainty to the mining industry, the Government of Karnataka has decided to levy a tax of INR 1/tonne (t) on mineral-bearing areas on…