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COAL GST INCREASE
Rajnath Singh vows India will not let Sindhu waters reach patrons of terrorAddressing an 'Intellectuals Meet' organised in Hyderabad by Telangana BJP, he said that through Operation Sindoor, the government had show...- Cement demand growth likely to moderate to around 5% in FY27: Ambuja CementsAmbuja Cements anticipates a 5 percent growth in India's cement demand for fiscal year 2026-27. This follows a stronger growth in the previ...
- Higher petrol, diesel prices threaten to rekindle inflation pressures: ReportFuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflatio...
- Midcaps outperform Nifty, smallcap stocks in Q4, deliver 29% earnings growth: Motilal OswalMidcap companies emerged as the strongest performers in the March quarter earnings season, with profit growth outpacing both largecaps and ...
- Shelter from Spike 'n' Supply Storm: West Asia tensions test India Inc’s resilience to energy shocksEscalating tensions in West Asia highlight India’s vulnerability to energy and logistics disruptions. Even without supply cuts, higher frei...
- GST on capital goods undermines promise of stable fiscal terms in new oilfield law: Industry to PuriFicci wrote to the Oil Minister about a GST hike. The increase affects capital goods in oil, gas, and CBM sectors. This action impacts cont...
- New GST reforms to bring down tax on coal, reduce power generation cost with removal of cess, says govtThe government announced Goods and Services Tax reforms for the coal sector. These reforms aim to lower the overall tax burden on coal. Con...
- India Inc flags GST hike on capital goods, warns of impact on oil & fuel independenceFICCI has expressed concerns to the Oil Minister regarding the recent GST hike on capital goods for the oil, gas, and CBM sectors. They arg...
- Tax tweak on coal yields net positive for discomsThe GST rationalization on coal, increasing the rate to 18% while eliminating the ₹400/tonne compensation cess, is projected to lower power...
- How will the recent GST changes affect different sectors of the economy?GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benef...
- After week-long talks, fossil fuel faultline leaves COP28 dividedThere is also a growing demand for the phase out of all fossil fuels, that would include oil and gas as well. Unlike in Sharm El-Sheikh, wh...
- Domestic aluminium industry seeks reduction in basic custom duty on critical raw materialsThe domestic aluminium industry, under representation from the AAI, has sought immediate government support through the forthcoming Union B...
- Corrugated packaging industry in deep trouble as raw material prices shoot upThe corrugated packaging industry has pointed out the reasons behind this surge in prices. Coal which is the main source of energy for pape...
- Power ministry seeks coal cess waiver for FGD power plants“The power ministry has proposed to the ministry of finance that they might consider exempting the cess on the power plants that are in com...
- Power Consumers to see 5 paise rise in tariffAccording to recent reports the PMO has proposed waiver of the coal cess, the savings from which is to be used for retrofitting pollution c...
- ITC may feel the heat as GST shortfall could lead to higher taxes on tobaccoCLSA said state governments’ tax revenue, including GST, grew just 1 per cent in April-August 2019 from a year ago period compared to the b...
- Lower tax on coal under GST will bring down power tariffs: Piyush Goyal"I am glad that coal has been kept in the 5% slab. It will help discoms in serving poor and farmers with even more affordable electricity,"...
- Good that GST rates for products & industries do not hurl any unpleasant surprisesConsistent with the proactive outlook of the government, the rates so agreed to by the GST Council and the revised rules were released post...
- GMDC to gain from rise in imported coal prices, GSTIndustry experts believe that the tax rate for GMDC on lignite could reduce from 37%, at present to 12%, post GST.
- Exclude coal from GST list: States to centreState finance ministers have asked the Centre to exclude coal from the list of proposed Goods and Services Tax (GST), so as the tax rate do...
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