India, Aug. 19 -- The Government of India has issued a release:
FREQUENTLY ASKED QUESTIONS
Q. What are the categories/kinds of revenue collected by the State governments from mines?
The States are presently getting around 14 types of taxes, charges, fees and other levies, including royalty, auction premium, dead rent, payments to District Mineral Foundations (DMFs), GST and transit fees. Further, some States have also introduced taxes on mineral-bearing lands, resulting in an additional financial burden on Government companies. In certain cases, such taxes are as high as 20%.
Q. How is the mining revenue allocated between State and Centre?
Presently, approximately 90% of the revenue generated from the mining sector is accruing to the S...