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Why mining companies are at loggerheads with states on minerals tax

In 1989, the SC found that “royalty is a tax� under the Mines Act. A cess on royalty being a tax on royalty was beyond the State’s legislative competence since the Union’s Mines Act “covers the field,� it had said.

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​ In 1989, the SC found that “royalty is a taxâ€� under the Mines Act. A cess on royalty being a tax on royalty was beyond the State’s legislative competence since the Union’s Mines Act “covers the field,â€� it had said. In 1989, the SC found that “royalty is a taxâ€� under the Mines Act. A cess on royalty being a tax on royalty was beyond the State’s legislative competence since the Union’s Mines Act “covers the field,â€� it had said.  Moneycontrol Latest News Read More  

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