METAL & MININGS SECTOR: ITEMS POST GST RATE (%) PRE GST RATE(%) CHANGES(%) All ores and concentrates 5 18.5 -13.5 Kerosene PDS 17 -12 Petroleum coke, Petroleum bitumen 18 27.5 -9.5 Tar 12 -7 Coal Lignite Copper Bars,rods,wires -0.5 Copper screws, nuts, bolts Nickel bars, rods, wires

CONT . . . ITEMS POST GST RATE (%) PRE GST RATE(%) CHANGES(%) Nickel screw, nuts, bolts 18 18.5 -0.5 Nickel tubes, pipes, netting Aluminum ingots, rods, wires Lead plates, sheets, strips Zinc goods Tin bars, rods Gold 3 2-2.5 0.5-1 Silver Processed Diamond

GST Impact On Metal & Minings Sector As all ores and concretes, Kerosene PDS, Tar,coal Lignite are categorized under 5% slab, the steel industry, power industry and construction industry would get more benefit because it will reduce the logistic cost and time. For example: Earlier the truck passed through different states and there are no. of indirect tax attributable to the product which had increased the price of the product and there are various check post also which delay the supply of goods to the consumers. In GST regime, both the cost and time would save. This reduced GST rate would decrease the production cost also. Petroleum coke, Petroleum bitumen would gave a tax benefit of 9.5% from 27.5% of Old tax rate to 18% of GST rate and from this, steel industry; aluminum industry and construction sector would get benefit. All copper, Nickel, Aluminum, Lead, zinc, Tin products are categorized under 18% slab which will provide 0.5% of benefits. For this reduction of tax, the steel sector, power sector, construction sector, automobile sector, airline Industry and Railway Industry. Govt. have fixed a tax rate of 3% for Gold, Silver and processed Diamond which is 0.5%-1% higher than the old tax rate. Even if, it is a slight change in tax rate but the cost of gold, silver and processed diamond will become costlier.

VEDANTA LTD : GST IMPACT ON VEDANTA LTD: Vedanta Ltd. is one of the world's largest global diversified natural resource majors, with operations across zinc-lead-silver, Gold, oil & gas, iron ore, copper, aluminum ,commercial power, oil and gas. GST IMPACT ON VEDANTA LTD: By the Implementation of GST, Vedanta limited is fully positively impacted which will increase its revenue, margins and profits. As tax rate on Ores has reduced to 5% from 18.5%, Vedanta Ltd. has get 13.5% of tax benefit from GST which will increase the margins from iron ore business of this company.

CONT . . . Vedanta Ltd’s copper, copper, Nickel, Aluminum, Lead, zinc, Tin business are slightly benefited from GST as tax rate has reduced to only 0.5% which stood at 18% of GST as against 18.5% of old tax rate. Therefore the company’s margin may slightly impact. The company’s oil and gas segment get benefit of 12% tax rate as Kerosene PDS has classified under 5% GST slab. There was a loss in Gold and silver business of Vedanta Ltd as the tax rate under GST regime had slightly increased from the old tax regime which stood at 3% as against 2.0-2.5% .This may affect the margins of the company.