GST

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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MNRE Extends Commissioning Date of GST Affected Solar Projects

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 […]

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India’s Solar Additions Slowed by GST, Duty on China Imports, says UN Report

Developing economies, comprising India, China and Brazil, committed USD 177 billion to renewables last year, up 20%, compared to USD 103 billion for developed countries, down 19%, the report added. A UN report has said that the imposition of anti-dumping and safeguard duties on import of Chinese solar cells and modules and levy of Goods […]

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Vikram Solar Slams Arun Jaitley’s Budget 2018 for Solar Sector

The budget 2018 is not very encouraging for the renewable and solar energy sector. The government has missed out on a major opportunity to take a lead towards combating climate change. The government has proposed to take out the import obligation on parts that make up sun powered boards. In his last full budget 2018 […]

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GST Increases Cost of Solar Projects by 12 Percent, Says AISIA

Under the current GST regime, “solar power cost will see upward escalation”, the All India Solar Industries Association said. The Goods and Services Tax (GST) has led to 10-12 percent rise in overall cost of solar projects, the All India Solar Industries Association has said, while petitioning the government against the rise in tax incidence […]

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Viz-A-Viz with Ashish Khanna, ED & CEO | Tata Power Solar

“GST is consistent with Government’s push to the renewable sector and isn’t likely to negatively impact the sector if we look at it from long term perspective” Q. Share your views on GST, how the new Goods and Services Tax rates impact clean energy drive in India? GST is definitely one of the most awaited […]

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