Spectre of retrospective taxation hangs again: EAC-PM member on mining royalty verdict

The Supreme Court's July 25 verdict permitted states to collect past royalties and taxes on mining since April 2005, causing concerns over retrospective taxation. The judgement directs the Centre and mining companies to pay arrears, estimated between Rs 1.5-2 lakh crore, over a 12-year period. The decision has significant financial implications.
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