GST implication on sale of coal

[Sanjeev Agrawal]

I wanted to know the complete billing and tax impliaction on sale of coal by a brick kiln

[KASTURI SETHI]

Pl. elaborate your query.

Pl. ask specific query.

[Shilpi Jain]

Is it coal sold as coal or is it the left over?

By implication you mean tax liability alone? or anything else?

[Sanjeev Agrawal]

To Ms Shilpi Jain,

Yes madam the coal is sold in the form of coal only. It is not leftover. I only wanted to know at what rate of gst, tax is charged from buying party with bifurcations of CGST, SGST and cess. Thanks.

[Ganeshan Kalyani]

GST on Coal falling under HSN 2701 is 5% and compensation cess is Rs.400 per metric tonne

AI Summary

GST on coal attracts a standard rate plus compensation cess, impacting supplier billing and tax accounting.
Coal sold as coal under the applicable HSN attracts GST at 5% and a compensation cess of Rs.400 per metric tonne; the advisory notes these rates but does not specify the CGST/SGST bifurcation or detailed billing mechanics.