Mining sector wants 'One Tax Regime', seeks 40% cap on effective rate

India's mineral sector is the most taxed among all countries, with the effective tax rate on mining as high as 60-64%

The country's mining sector, assailed by an array of levies, has asked for a 'One tax regime' in mineral production along the lines of GST, with the effective taxation rate (ETR) capped at 40 per cent.

The mineral sector in India is the most taxed among all countries. The ETR on mining ranges between 60 and 64 per cent. India tops all other mining jurisdictions in ETR- towering in taxes over Mongolia (31.3 per cent), Canada-Quebec (34 per cent), Chile (37.6 per cent), Indonesia-Sulawesi (38.1 per cent), Australia (39.7 per cent), South Africa (39.7 per cent) and Namibia (44.2 per