GST Reform in Coal Sector: A Step Towards AatmNirbharta

The Ministry of Coal has welcomed significant reforms from the 56th GST Council meeting, including the removal of the ₹400 per tonne GST Compensation Cess and an increase in the GST rate on coal from 5% to 18%. These changes aim to reduce the tax burden on coal pricing, enhance financial stability for coal producers, and support India's self-reliance by curbing unnecessary coal imports. The reforms are expected to benefit both producers and consumers, aligning with the vision of Aatmanirbhar Bharat.

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