Tag: GST
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GST Council Puts Coal in 5% Tax Slab: Electricity, Steel Production Costs to Go Lower
The GST Council kept coal at the lowest tax slab of 5%,which is down by 6.69% from the hitherto tax incidence of 11.69%. As the direct outcome, prices of steel products are expected to be stabilized, and power tariffs will become lower. Industry insiders believe that the lower tax structure for coal will bring down…