Omission of tariff item for coal derived tar removes scheduled GST classification, altering tax treatment of those distillates. Tariff item 2706, describing tar distilled from coal, from lignite or from peat and formerly subject to Schedule 1 GST at a reduced rate, was omitted by Notification No. 6/2022 Integrated Tax (Rate) dated 13.7.2022 with effect from 18.7.2022, removing the specific Schedule 1 GST classification for those coal derived tars.
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Omission of tariff item for coal derived tar removes scheduled GST classification, altering tax treatment of those distillates.
Tariff item 2706, describing tar distilled from coal, from lignite or from peat and formerly subject to Schedule 1 GST at a reduced rate, was omitted by Notification No. 6/2022 Integrated Tax (Rate) dated 13.7.2022 with effect from 18.7.2022, removing the specific Schedule 1 GST classification for those coal derived tars.
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