CERC Awards Compensation To Indigrid Solar Over Change In GST Rates Updated On Fri, Jan 12th, 2024 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) granted compensation to Indigrid Solar-I (AP) Pvt Ltd. over escalated GST rates. The firm approached the Central Commission seeking compensation, citing increased project costs due to introducing GST on solar products. The solar power generator, in its petition, told the CERC that after the firm submitted […] Read more
EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
Solar Plants Seek Clarity on GST Rate Updated On Mon, Sep 24th, 2018 by Saurenergy Solar plants industry seems to be divided with the developers and the manufacturers having distinct views on the advance ruling by the state advance ruling appellate. With Maharashtra and Karnataka’s Advance Ruling authority pegging GST rate for solar plants at 18 percent and 5 percent respectively, the solar industry seems to be in a jam […] Read more
