Key Amendments to Compensation Cess Rates on Coal Rejects

Government's Authority: G.S.R...(E) brings forth significant modifications to Compensation Cess rates on coal rejects, in line with the Goods and Services Tax (Compensation to States) Act, 2017.

Specific Change Highlighted: Amendment targets Schedule item 41A, focusing on the entry in column (3) to clearly define the scope of taxation.

Revised Entry Clarification: The revised entry specifies "Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person."

Effective Date: The notification emphasizes the implementation of these changes starting from March 1, 2023.

Detailed Explanatory Note: A detailed explanatory note aids in simplifying the understanding of the amendment and its implications.

Official Communication Style: The language used in the notification maintains clarity, facilitating comprehension for a wider audience, including businesses and the general public.

Reference to Previous Amendments: A brief note at the end directs readers to the principal notification and the latest amendment preceding this, ensuring a complete understanding of the legislative journey.

Note: Stakeholders are advised to review and adapt to the updated Compensation Cess rates for coal rejects.