Tag: Market impact of GST restructuring and cess removal on coal
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India: GST restructuring, cess removal on coal to reshape market dynamics in multiple industries
Steel segment to see lower input costs, improved profits Coal traders, dealers may require higher working capital The 56th Goods and Services Tax (GST) Council meeting in New Delhi has reshaped the taxation of coal, a key input for multiple industries. The Council raised the GST on coal from 5% to 18% while abolishing the…