September 22, 2025 1:36 PM
Major GST reforms in coal to reduce tax burden, enhance self-reliance
The Ministry of Coal has welcomed the landmark decisions taken at the 56th meeting of the GST Council in New Delhi, which have introduced significant changes to the taxation structure of the coal sector. These reforms are being hailed as a transformative step towards Aatmanirbhar Bharat in Coal, benefiting both producers and consumers. Key decisions from the meeting include the removal of the ₹400 per tonne GST Compensation Cess on coal and an increase in the GST rate from 5% to 18%. The imp...