Bulletin Updates
India should reduce of GST rate on renewable energy equipment – 30 Jun 2022
Jun 30, 2022
With the increase in GST rate from 5% to 12% on renewable energy equipment, the new effective rate of GST on wind and solar energy services comes to around 13.8%
This coupled with rising cost of domestic solar PV panels could delay the pace of energy transition in India
India should explore reversing this increase in GST rate for providing partial relief from rising solar panel prices to the consumers
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