Coal India is reportedly planning to appoint a tax consultant to assist the miner and its subsidiaries in getting ready for the Goods and Services Tax (GST) and indirect taxes for the miner. In this regard, the company has floated a tender.
The miner will seek advice from the consultant on GST implications on the transactions. The coal producer will also seek ‘advice on monthly and annual GST compliances’ to be undertaken by CIL and preparation of compliance manual.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.