New Delhi, Sept. 22 -- The Ministry of Coal has welcomed the landmark decisions taken at the 56th meeting of the GST Council held in New Delhi, which have brought significant changes to the taxation structure of the coal sector, a press release from the Ministry of Coal said.

These reforms mark a transformative step towards AatmNirbharta in Coal and represent a balanced approach that benefits both coal producers and consumers alike.

The impact of the new reform on coal pricing and the power sector is a substantial reduction in overall tax burden, with coal grades G6 to G17 seeing decreases in the range of Rs 13.40 per tonne to Rs 329.61 per tonne.

For the power sector, the average reduction is around Rs 260 per tonne, translating into ...