Sabastian Sawe's London Marathon shoe weighs less than 100 grams; target came from 'moonshot brief'Here's how Sabastian Sawe got the super shoe for the London Marathon. Know how the game-changing gear was developed. Published on: May 12, 2026 5:05 PM IST By Vishesh Roy Share via Copy link With
Guest Column| Punjab’s last defence against drugs is the motherLaw enforcement and political rhetoric are failing our youth; only a domestic revolution led by mothers can dismantle the social roots of addiction. Published on: May 12, 2026 4:38 PM IST By Khushwant Singh Share via Copy link The
Who is Yaoning ‘Mike’ Sun? Meet Arcadia mayor Eileen Wang's ex-fiancée sentenced to 4 years in prisonYaoning 'Mike' Sun received a 48-month prison sentence for acting as an undisclosed agent for China while advising a city council candidate. Published on: May 12
IIT Madras BS Admission 2026: Registration begins at iitm.ac.in, apply by May 31IIT Madras BS Admission 2026 registration has started. The application link will be deactivated on May 31, 2026. Published on: May 12, 2026 3:53 PM IST By HT Education Desk Share via Copy link Indian Institute of
Washing machines continue to remain among the more heavily searched home appliance categories during the ongoing Amazon Great Summer Sale as buyers look for larger capacities, inverter motors and lower-maintenance laundry setups before peak summer usage
Coal Ministry says GST reforms to address input tax credit anomalies, levels playing field for all coal variants
Coal Ministry says GST reforms to address input tax credit anomalies, levels playing field for all coal variants
The Coal Ministry, in a statement issued on Monday (September 22, 2025), said that the reforms finalised at the 56th Council of the meeting, most of which came into force on September 22, would help rationalise tax burden across all grades of coal to ensure “equitable treatment” as well as address anomalies arising from inverted duty anomalies.
The council at its 56th meeting had recommended eliminating the ₹400/tonne compensation cess previously levied on coal and increasing the GST to a higher 18% compared to the 5% earlier.
GST reforms LIVE
Referring to the elimination of the compensation cess, the ministry observed it to have “disproportionately” affected low-quality and low-priced coal. “For instance, G-11 non-coking coal produced in the largest quantity by Coal India had a tax incidence of 65.85% compared to 35.64% for G2 coal,” it stated, adding, “With the cess removed, tax incidence across all categories has been aligned to a uniform 39.81%.”
Thus, the elimination of the compensation “levels the playing field” wherein the landing cost of high gross calorific value imported coal was than that of the domestically produced low-grade coal, it argued. The former is vital for specific use-cases where consistent heat is required and certain key industries including steel. India imports coking coal and high-grade thermal coal which are in short supply within the country's reserves. Industry body ASSOCHAM had sought the removal of the compensation cess, during the pre-budget consultations, arguing that it would be of help to power-intensive industries – bolstering the competitiveness of the domestic sectors.
The ministry said coal now attracting 18% GST, instead of the erstwhile 5%, would also help address “inverted duty anomaly”. Coal as a final output previously attracted 5% GST while input services [by the coal companies], were taxed at 18%. Thus, creating a situation wherein the input costs exceeded the realisation from the final product in the books of the coal companies. “With no provision for refund, this amount kept increasing, blocking valuable funds,” the ministry noted, adding, “Now, the unutilised amount can be used over the coming years to pay off GST tax liability, leading to the release of blocked liquidity and helping coal companies mitigate losses due to the accumulation of unutilised GST credit and enhances financial stability.”
Poignant to note, S&P Global observed in their analysis (Sept 4) had put forth concerns that coal, whether imported or domestic, used for power generation will become costlier. Additionally, the impact on other industries, such as cement, steel, and glass “may not be significant” since they can seek input tax credit. For perspective, businesses have the provision to seek credits for the GST they pay on coal. However, this does not accrue to power-generating companies because supplying electricity is exempted from the taxation paradigm.
The ministry maintains the GST revisions would result in a “substantial reduction in overall tax burden” with prices of coal grades, between G6 to G17, declining in the range of ₹13.40/tonne to ₹329.61/tonne. It estimates for the power sector, the reduction would average to about ₹260/tonne, would translate into a cut of 17-18 paise per kWh in the cost of generation.
Published - September 22, 2025 02:31 pm IST
coal / taxes and duties / state budget and tax
Source: The Hindu
Related Posts: India’s coking coal imports to jump 42% by 2030 on steel demand SECL eyes 7.5 million tonnes of coking coal BEL, Hero MotoCorp, Coal India, IGL among shares in focus today Bharat Coking Coal IPO Opens January 9 Bharat Coking Coal IPO Day 2 CISF takes over security of NTPC’s Talaipalli coal mine in Chhattisgarh Bangladesh appoints UK law firm to arbitrate coal pricing with Adani Group Bharat Coking Coal IPO Opens Today Cabinet Approves Policy For Auction Of Coal Linkage For CoalSETU Full Story Of The Coal Smuggling Case
PM Narendra Modi urges citizens to avoid new gold purchases, Tanishq promotes a gold exchange programme letting customers swap old jewellery for new. As Prime Minister Narendra Modi urged citizens to avoid buying gold for a year to help reduce forex outflow and ease pressure on imports
1 days ago
NCP (SP) chief Sharad Pawar has called for an all-party meeting. He wants to discuss the economic impact of Prime Minister Narendra Modi's austerity appeal. Pawar believes the appeal has caused unease among citizens and businesses. He stressed the need to restore public confidence and ensure
1 days ago
NEET UG 2026: Opposition criticises govt after exam cancellation over paper leakThe Congress party in a post on X said NEET UG irregularities have become common and over “89 papers leaked in 10 years” Published on: May 12, 2026 4:49 PM IST By Ishita Bahl
1 days ago
Twenty years after their first partnership with designer Stella McCartney, fashion retailer H&M is all set to launch their second collaboration (on May 7) with the luxury label from the UK. It blends current signature styles such as oversized shirts
1 days ago
The Delhi High Court on Tuesday quashed a communication from the Union government rejecting an application submitted by The Wire’s founding editor Siddharth Varadarajan for an Overseas Citizen of India card, Bar and Bench reported. Overseas Citizen of India is an immigration status that allows
1 days ago
India rationalizes royalties on crude oil and gas, offers zero royalty for seven years on deepwater and ultra deepwater DSF and HELP blocks to cut costs. In an attempt to push India’s domestic oil and natural gas sector amid the global crude oil crisis
1 days ago
But, one thing’s for sure: the Oklahoma City Thunder are looking downright unstoppable right now. Led once again by a sensational Shai Gilgeous-Alexander masterclass, the defending champions defeated the Los Angeles Lakers 115-110 to complete a ruthless 4-0 playoff sweep and storm into the
1 days ago
Another football ‘Spygate’ controversy has erupted — and this time, Southampton find themselves at the centre of the storm. The Saints have been accused of sending a club analyst to secretly observe and potentially film Middlesbrough’s training sessions just two days before the sides played
1 days ago
Across industries, businesses are moving from AI experimentation to measurable enterprise impact. The Most Innovative AI product awards 2026 recognise organisations building intelligent solutions that are transforming sectors such as healthcare, FinTech, cybersecurity, retail and more
1 days ago
'Kab ayega CBSE 12 class ka result?’: Internet flooded with memes as students await scoresInternet flooded with memes as students waited anxiously for the CBSE Class 12 results announcement. Published on: May 12, 2026 3:36 PM IST By Mahipal Singh Chouhan Share via Copy link As lakhs of students
1 days ago
Rumours surrounding television’s beloved couple Karan Kundrra and Tejasswi Prakash have once again taken over social media. This time, a video of actor Abhishek Kumar has grabbed everyone’s attention, in which he is allegedly seen confirming that the duo may have already tied the knot
1 days ago
Liquor ban question engulfs J&K politics as CM Omar Abdullah cites free will, revenueCM Omar Abdullah on Sunday said that people consume alcohol of their own will and the government was not forcing anyone to visit liquor shops. Updated on: May 12
1 days ago
The Indigenous traditional owners of land in north-western Australia have been awarded a record A$150.1 million ($108.3m; £79.9m) payout after a court ruled one of the country's most well-known billionaires mined their land without permission
1 days ago
Sir Keir Starmer is fighting to stay on as prime minister, as he stares down calls from Labour critics, including some of his own ministers, to quit Downing Street. It comes amid a revolt among Labour MPs and calls from ministers for him to draw up an exit timetable after a disastrous set of
1 days ago
A mayor of a southern Californian city has resigned after the US Department of Justice (DoJ) charged her with acting as an illegal agent of China. Eileen Wang, 58 - the mayor of Arcadia - agreed to plead guilty to the felony count and Arcadia City Council said she resigned from her post on Monday
1 days ago
The cancellation of a crucial exam held earlier in May for admission to medical colleges over allegations of a paper leak has sparked protests in the Indian capital, Delhi. The National Eligibility cum Entrance Test (Undergraduate), known as NEET-UG
1 days ago
‘Godzilla prn in Euphoria’: Viewers are not impressed by Sydney Sweeney's humiliating portrayal of sex workThe last episode of Euphoria aired recently and fan are divided. Viewers are criticising Sam Levinson's depiction of sex work through Sydney Sweeney. May 12, 2026
1 days ago
Actor Abhishek Bachchan expressed a desire to see retired Indian cricketer Mahendra Singh Dhoni in the new European T20 Premier League. However, current BCCI regulations prevent active Indian cricketers from playing in overseas T20 leagues. Bachchan believes the league will still attract top global
1 days ago
Netflix has been sued in Texas over claims it collects data belonging to children and adults in the US state without their consent, and uses "addictive" design to keep them hooked. Texas Attorney General Ken Paxton accused the streaming giant of "spying" on citizens saying it "records and monetises
1 days ago
In a city celebrated for its vibrant food culture—from spicy misal pav to street-style vada pav—one old-school bakery in Pune continues to win hearts with something much simpler: freshly baked ghee biscuits. Tucked away in the bustling Fergusson College Road area
1 days ago
When U.S. President Donald Trump meets Chinese counterpart Xi Jinping in Beijing this week, the shadow the Iran conflict casts over the summit might appear to give China’s leader a clear advantage. Beijing has been relatively shielded from the effects of the conflict thanks to its oil reserves
1 days ago
Fifty years old this month, Kraftwerk's single Radioactivity was a groundbreaking track that morphed into the German electronic pioneers' most political protest song. From the tremulous opening seconds of Kraftwerk's Radioactivity – a pulsing Geiger counter; escalating synths; shrill morse code
1 days ago
India Post GDS 3rd Merit List 2026 released at indiapost.gov.in, check hereIndia Post GDS 3rd Merit List 2026 has been released. The direct link to check the merit list is given here. Updated on: May 12, 2026 4:37 PM IST By HT Education Desk | Edited by Papri Chanda Share via Copy link India Post
1 days ago
Samajwadi Party Lok Sabha MP Ajendra Singh Lodhi has been booked in Mahoba under charges of assault on a public official and promoting hate after he called Prime Minister Narendra Modi "anti-national," police said on Tuesday (May 12, 2026). Mr. Lodhi, the Lok Sabha MP from the Hamirpur constituency
1 days ago
Qatar’s premier and Foreign Minister said his recent visit to Washington sought to bolster mediation efforts seeking to end the U.S.-Iran war .“The visit focused primarily on supporting the Pakistani diplomatic efforts and ensuring a positive response to these efforts to reach a solution as
1 days ago
‘Indian students must be protected from the mafia’: Kamal Haasan as NEET exam gets cancelled over alleged paper leakThe National Testing Agency (NTA) on Tuesday cancelled the NEET (UG) 2026 exam held on May 3 amid allegations of paper leak. May 12, 2026
1 days ago
Is your daily screen time putting your vision at risk? The hidden danger of delaying eye check-ups in working adultsDoctors highlight a growing concern among working adults where untreated eye strain from screens may slowly lead to serious vision-related problems Updated on: May 12
1 days ago
