Miners’ body FIMI on Friday said that mining industry is going through high uncertainty and stressed upon having uniform GST rates for sustained growth of the mining sector. FIMI Vice President R L Mohanty said that domestic demand for products is yet to pick up. He has further said that though e-way bill has enabled free movement of minerals but mining sector still faces challenges elating to payment of GST on royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) contribution, inverted duty structure, upfront payment etc. he highlighted the issue that GST is 18% on royalty while on sale of minerals GST at the rate of five per cent is charged. He said that “It is important to have GST on royalty on the same rate as applicable for sale of minerals.”
