Solar Thermal Industry Welcomes GST Reduction to 5% Updated On Wed, Sep 25th, 2019 by Saurenergy On expressing optimism on market growth, Malaviya added that “with this reduced GST, the end product will become economical for the consumer and it is expected the market to witness growth.” In order to provide much awaited relief to the solar thermal industry, the Union Minister for Finance & Corporate Affairs Nirmala Sitaraman has recently […] Read more
Private e-2 Wheelers Also Covered Under Phase-II of FAME: Arvind Sawant Updated On Tue, Jul 23rd, 2019 by Saurenergy The scheme aims to support via subsidies about 7,000 e-Buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers. In order to further boost electronic public (e-public) transport in the country, the government has taken various initiatives under the second phase of FAME India Scheme (Faster Adoption and Manufacturing of […] Read more
Solar Thermal Industry Seeks Replacement of 18% GST with 5% Updated On Fri, Jul 5th, 2019 by Saurenergy Before the introduction of Goods and Services Tax (GST) by the Government of India from 1st of July 2017, many taxes like VAT, Octroi, Service tax have been subsumed into a single tax of GST. The GST has merged under the heading Renewable energy devices & parts for their manufacture all of the earlier solar […] Read more
MNRE Extends Commissioning Date of GST Affected Solar Projects Updated On Thu, Jun 21st, 2018 by Saurenergy The extension to the project developers was provided by the Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC), and other implementing agencies. After the frictions faced by multiple developers due to the imposition of Goods and Services Tax (GST) and other related issues, the Ministry of New and Renewable Energy has issued […] Read more
70% Safeguard Duty on Solar to Dampen Investor Sentiment: Par Panel Updated On Wed, Mar 14th, 2018 by Saurenergy Custom Duty on Solar Cells/Modules/Panels should not be levied and they should continue to enjoy exemption from custom duty as before. Safeguard Duty should not be of the tune (70 per cent) that will hamper our own programme and it should not affect the bids which have already taken pace, panel has said. A Parliamentary […] Read more
Solar Power Juggernaut Will Keep Rolling Despite Higher Taxes Under GST Updated On Sat, May 27th, 2017 by Saurenergy 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 […] Read more
GST to cause significant disruption to the solar sector: Bridge to India Updated On Tue, May 23rd, 2017 by Saurenergy 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. […] Read more
