GCCI seeks urgent review of Supreme Court's mineral taxation ruling

The Gujarat Chamber of Commerce and Industry (GCCI) has called for an urgent review of the Supreme Court's ruling on mineral taxation. The ruling has imposed additional financial burdens on the mining industry, prompting concerns over the sector's future viability. According to GCCI, the new taxation framework could stifle growth in the mineral sector, particularly in Gujarat, a state heavily reliant on mining revenues. Industry experts warn that without a more balanced taxation regime, India's mining sector may face a slowdown, impacting jobs and revenue generation. GCCI is advocating for a more favorable tax policy to promote sustainable growth in the industry.