मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Avenues for revenues: Tax, penalty on minerals to shore up treasury
The New Indian Express Bengaluru
|December 07, 2024
THE state government, that has allocated a whopping Rs 56,000 crore in the budget for the five guarantee schemes, has opened up new avenues to generate additional revenue by introducing a new tax on mineral-bearing lands, in addition to royalty.
The Cabinet on Friday decided to place the Karnataka (Mineral Rights and Mineral Bearing Land) Tax bill, 2024, in the upcoming winter session in Belagavi. If it becomes law, the holder of mining lease pays tax based on the quantity of mineral lifted from the lands. The tax ranges from Rs 20 per tonne (for limestone) to Rs 100 for iron ore, including calibrated lump ore (CLO), lump ore, fines, and concentrates of all grades. Annually, the state proposes to get additional revenue of Rs 4,700 crore.
यह कहानी The New Indian Express Bengaluru के December 07, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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