Level of taxation as per the MMDR Amendment Act, 2015

Published: 28-06-2021| Version 1 | DOI: 10.17632/cf94m4t2y4.1
Contributor:
Richa Patro

Description

As the mining regime in India has witnessed stunted growth, one realizes that the roots of these issues seep out from the heavy burden of taxation that the industry faces. A high taxation system affects the level of incentive to invest in the industry. Due to being subjected to such a high taxation structure, the country also becomes less competitive in international markets as the costs are extremely high, diminishing its revenue generation capacity. The table provides the breakup for the current level of taxation after the introduction of the MMDR Amendment Act, 2015.

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