Coal import substitution: Rationalise GST compensation cess on coal, says Inter-ministerial panel
An Inter Ministerial Committee, set up by the Coal Ministry, has suggested that GST compensation cess should be imposed on an ad-valorem basis so that it is directly related to the price and quantity of coal, instead of a fixed amount of ₹400 per tonne. The Ministry constituted an Inter-Ministerial Committee (IMC), for preparing a … Read more