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

AI Summary

GST on Coal Sales: 5% GST Rate and Rs. 400/Metric Tonne Cess Clarified Under HSN 2701 A discussion on the Goods and Services Tax (GST) implications for the sale of coal by a brick kiln included queries and clarifications. The initial question sought details on billing and tax implications, specifically the GST rate and tax breakdown for coal sold as coal, not as leftover. Responses clarified that coal under HSN 2701 is subject to a 5% GST rate, with an additional compensation cess of Rs. 400 per metric tonne. Participants requested more specific queries to provide accurate information.