The Central Board of Indirect Taxes and Customs (CBIC) has notified GST exemption to Fuel Cell Motor Vehicles. The rate of tax for Fuel Cell Vehicle has also been reduced to 12 percent from the higher rate of 28 per cent.
Further, Coal rejects supplied by a coal washery, arising out of coal on which compensation cess has been paid and no input tax credit thereof has not been availed by any person are also exempted from the tax net.
GST Compensation Cess is levied on certain goods to compensate the loss of the manufacturing States under the current Goods and Services Tax regime for first 5 years on some specified items.
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