GST & coal cess changes to lower power tariffs: CERC

New Delhi: The Central Electricity Regulatory Commission (CERC) has said that the statutory changes in the Goods and Services Tax (GST) and the coal compensation cess fall under the ambit of a 'change in law' event, and their impact will be adjusted or refunded to distribution companies. The government had removed the ₹400/tonne compensation cess on coal and revised the GST rate from 5% to 18%. Th…