Mining industry pushes for single GST to supersede multiple levies

The country’s mining sector, distressed by a multitude of levies like royalty and contributions to the District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET), has advocated a uniform Goods & Services Tax (GST) to overcome the multiplicity of taxes. Royalty rates on minerals in the country are the highest among resource-rich nations and a cocktail of…