Post GST reduction of incidence of Tax on Coal Consumers

Goods and Services Tax – GST – Dated:- 3-8-2017 – In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ ₹ 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) . Post implementation of GST all the above mentioned taxes and levies have been subsumed and GST @ 5% is being charged to consumers. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today. The Minister further stated that Clean Environment Cess @ ₹ 400 per tonne was payable prior to GST which has been repealed and a new levy namely GST Compensation Cess

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Leave a Reply