India’s move to revise the consumption tax structure comes at a perfect time for state miner
The South Asian nation increased the goods and services tax on coal last week, while getting rid of a special levy. The net impact is a reduction in tax on domestic coal, lowering costs for users and aiding the state miner’s goal to replace the country’s imports of the fuel.
The Kolkata-based company sees replacing imports as a way to boost its sales and help the government save foreign exchange spent ...