The government is planning to bring down GST rate on solar panels or modules to around 5 per cent as against 18 per cent declared earlier. The government’s recent announcement of 18% tax rate under the new indirect tax regime for solar module was the biggest surprise for the power and renewable sector. Looking into […]
According to a list of 1,211 items released after the meeting of the GST Council, which comprises finance ministers of all the states of the Union, “Photosensitive semiconductor devices; including solar photovoltaic cells, whether or not assembled in modules or made up into panels”, will be charged at a rate of 18 Goods and Services […]
Bridge To India notes that the biggest surprise for the power and renewable sector is the announcement of 18% tax rate for solar modules as compared to a present effective rate of zero Government of India recently released final GST rates under the new indirect tax regime proposed to be rolled out from July 1. […]
The GST Council has finalized 18 percent of rate for solar panels in its three-day meeting in Srinagar. Piyush Goyal, Power, Coal, Renewable Energy and Mines Minister has said that the government does not need lower tax rates to ensure the growth of solar power sector in India. Goyal was talking in the context of […]
Key contributors to the increase in solar tariffs, as a result of GST, would include increase in operations and maintenance cost, panel costs, and financing costs. According to a study released by the Council on Energy, Environment and Water (CEEW),India’s emerging solar sector could see tariffs rise by nearly 10% if current tax exemptions were […]
According to Solar players’ continuation of appreciated depreciation, a financial incentive, along with concessional interest rates and use of Rs 54,000 crore National Clean Energy Fund could be crucial to achieve country’s ambitious target. Amid uncertainties over the impact of Goods and Services Tax (GST) and Make in India programme being affected by falling prices […]
The Clean energy arm of Hindustan Power is one of the leading India’s player in solar power generation. It has developed solar farms across the country and internationally. Hindustan Power played major role in changing the scenario of solar power in India. India’s first solar power plant of 5 MW capacity and the then Asia’s […]
Solar equipment manufacturers have expressed concern over implementation of Goods and Service Tax (GST) that will possibly increase the cost of power projects and subsequently put higher tariffs burden on consumers. Speaking to PTI Surender Pal Singh, Chairman, Solar Energy Equipment Manufacturers’ Association of Telangana said “Currently the sector enjoys almost zero tax structure in […]
Ministry of New and Renewable Energy (MNRE) has invited comments and views of the implications of Goods and Service Tax (GST) on delivered cost of Renewable Energy by 15th March, 2016. To understand implication of GST on the delivered cost of renewable energy MNRE commissioned a study in July 2015 which then stated that implementation […]
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