GST Rates

CERC Awards Compensation To Indigrid Solar Over Change In GST Rates

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 […]

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EV Batteries in 5% GST Bracket to Support Faster Adoption

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 […]

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Solar Plants Seek Clarity on GST Rate

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 […]

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