GST

CERC Passes Order, GST to be Covered Under “Change in Law”

The Central Electricity Regulatory Commission (CERC) has in its latest order observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under ‘Change in Law’. The commission issued the order in response to a petition filed by Parampujya Solar Energy Pvt. Limited (PSEPL), a […]

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Petitions by SPDs to Consider GST as Change in Law Accepted

The CERC with its latest order has provided some relief to solar developers in a matter of GST compensation. The Central Electricity Regulatory Commission (CERC), hearing on the matter raised by local solar project developers, has issued an order accepting the Goods and Services Tax (GST) as a change in the law in case of […]

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SPDA Demands Uniform GST Rate of 5%

The total incidence of tax on the SPGS would increase to 8.9 per cent with implementation of the GST Council recommendations. The recently issued sigh of relief from the GST council which recommended 5% GST for almost 70% of solar products has come under ire just a week after GST council issuing its recommendations. The […]

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GST on Renewable Products Slashed to 5%

Prior to this clarification, solar power developers were paying tax at the rate of 18% which had become a sticking point in the industry. Solar Industry is in a state of relief after the GST council clarified that the devices and parts related to renewable energy will be taxed a 5% while the services related […]

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CERC Maintains GST Constitutes Change in Law

The matter was of additional tax burden on which was put on transmission licensees because of the introduction of GST compensation cess. Central Electricity Regulatory Commission recently issued an order on a suo-moto proceeding regarding GST. The order says that the introduction of GST will constitute a change in law kind of event for the […]

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Solar Developers to Get a One-Time GST Compensation of Rs 2000 crore

An order by Central Electricity Regulatory Commission (CERC) in October had approved the claims of solar power developers. In a relief to the solar developers, state power distribution companies will have to pay nearly Rs 2000 crore as a one-time compensation towards the impact of Goods and Service Tax (GST) on developers according to Icra. […]

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Gujarat Tops in Terms of Approved Solar Power Generation Capacity

The approval of the solar energy capacity is to be generated at three solar parks namely Dholera, Radhanesada and Harshad. Gujarat state has topped another category of the renewable energy segment. It has been declared the state with the highest approved solar power generation capacity at various solar parks. Out of over 26,000 MW of […]

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Solar Industry Seeks Clear GST Rates on Solar Projects

The solar industry association has written to the authorities after the Authority for Advance Rulings (AAR) upheld the rate to be at 18 percent and not 5 percent GST rates on Solar Projects. Solar Power Developers Association (SPDA) has sought clarity on the GST rates on solar projects from the solar policy makers, including important […]

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Financing Indian Sun

After out-passing teething troubles related to GST implementation, India firmly cements it’s place as the fastest growing major economy in the world by clocking GDP growth rate of 7.7 per cent during the January to March quarter of FY 18. India, being the Asia’s third-largest economy, clinched this position after surpassing China’s 6.8 per cent […]

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