India's coal tax overhaul reshapes market dynamics across sectors

India has raised its goods and services tax (GST) on coal from 5% to 18% while abolishing the GST Compensation cess of INR 400/tonne ($4.54/t), according to the GST Council's statement on September 3.

The decision, part of a broader "GST 2.0" revamp covering hundreds of goods, takes effect on September 22 and is aimed at simplifying taxation, the statement revealed. India's GST Compensation Cess is a special levy introduced eight years ago under the GST to compensate states for revenue losses arising from the transition to