SOLAR INDUSTRY SEEKS UNIF0RM 5% G$T RATE
June 27, 2017
by 
admin
in FirstGreen Solar Academy, Newsletter-Solar, Policy and Regulations, Solar, Solar project Financing
admin
in FirstGreen Solar Academy, Newsletter-Solar, Policy and Regulations, Solar, Solar project Financing
New Delhi, Dec. 30: The Solar Power Developer Association (SPDA) has demanded the goods and services tax rate be kept uniform at 5 per cent on solar power generating system (SPGS) saying recent recommendations of the GST Council are inconsistent with the government’s policy of promoting clean ener-
The total incidence of tax on the SPGS would increase to 8.9 per cent
with implementation of the GST Council recommendations finalised on December 22, 2018, which would be effective from January 1, 2019.
“…keeping in line with government endeavour to promote the renewable power sector and considering the specific facts of the solar éector, the entil contract for supply of SPGS should be taxed at the concessional rate of 5 per cent,” the SPDA said.
