Supreme Court Ruling
In a landmark decision, the Supreme Court of India, in an 8:1 judgment delivered by a nine-judge Constitution Bench, held that State Legislatures have the authority to tax mining lands and quarries beyond what is prescribed by the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act). This ruling empowers states to generate additional revenues from mining activities and the land used for these activities.
Key Points from the Judgment
Background and Legal Precedents
Implications of the Judgment
This judgment marks a significant shift in the legal landscape governing mineral resources in India, empowering states to better capitalize on their mineral wealth and enhance their financial resources.
Key Highlights of the Recent Supreme Court Judgment on Taxation of Mineral Lands
1. Royalty vs. Tax
2. States’ Power to Tax Mineral Development Activities
Dissenting Opinion
Significance and Implications of the Supreme Court Judgment on Mineral Taxation
Significance
Implications
Conclusion
The Supreme Court’s judgment represents a pivotal moment in the governance of mineral resources in India. While it strengthens the fiscal autonomy of states and clarifies the nature of royalties versus taxes, it also raises several challenges and potential risks. Stakeholders, including policymakers, industry players, and state governments, will need to navigate these implications carefully to balance state revenues, sectoral growth, and broader economic impacts.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.