https://www.taxtmi.com/news?id=56586 Reforms amend indirect tax treatment of coal by removing the Compensation Cess and increasing the GST rate on coal, reallocating tax incidence across coal grades and replacing a uniform per tonne cess with ad valorem GST treatment. The measures correct the inverted duty anomaly by aligning output GST with input tax rates, permitting utilization of previously unutilized input tax credits against future liabilities and releasing blocked liquidity, thereby rationalizing tax incidence, supporting import substitution, and improving financial stability for coal producers. en-us Tue, 23 Sep 2025 11:31:12 +0530 Tue, 23 Sep 2025 11:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56586 Reforms amend indirect tax treatment of coal by removing the Compensation Cess and increasing the GST rate on coal, reallocating tax incidence across coal grades and replacing a uniform per tonne cess with ad valorem GST treatment. The measures correct the inverted duty anomaly by aligning output GST with input tax rates, permitting utilization of previously unutilized input tax credits against future liabilities and releasing blocked liquidity, thereby rationalizing tax incidence, supporting import substitution, and improving financial stability for coal producers. News - Tue, 23 Sep 2025 11:31:12 +0530 https://www.taxtmi.com/news?id=56586