Implementation of GST to Hit Solar Capacity Addition in 2018 Updated On Tue, Aug 8th, 2017 by Saurenergy 2018 will be a different story for the solar industry because of confusion over applicability of the GST on solar products, and this will affect the solar addition capacity in coming year. India has installed around 4800MW solar capacity in the in calendar year 2017, compared to 4038MW commissioned in 2016. Also, it is expected […] Read more
Government to Impose 5 Percent Tax Under GST on Cables and Batteries for Solar Power Updated On Mon, Jul 31st, 2017 by Saurenergy Due to the inverted duty structure, developers will first pay the higher tax and then claim a tax refund against the five per cent slab while filing the returns. The credit reversal will be possible only if the renewable energy project developer submits invoices to the government regarding procurement and tax paid. The government is […] Read more
GUVNL Extends the Bidding Deadline for 1000MW Renewable Power Updated On Sat, Jul 8th, 2017 by Saurenergy The lack of clarity on GST rates has prompted Gujarat Urja Vikas Nigam Ltd to extend extended the deadline for submitting bids for 1000MW solar and wind power supply. Gujarat Urja Vikas Nigam Ltd (GUVNL) has extended the deadline for submitting bids for 1000MW solar and wind power supply. The decision has come after prospective […] Read more
Government’s decision to roll out GST from 1st July has received unanimous support: Piyush Goyal Updated On Fri, Jun 23rd, 2017 by Saurenergy Piyush Goyal said that there were some issues where consultation maybe called for with the GST council. However there was not a single participant who requested for rescheduling or adjournment of the July 1 roll out Power, coal, renewable energy and mines minister Piyush Goyal on Thursday said that the government’s decision to roll out […] Read more
GST rate on solar panel indicates grid parity: Anurag Garg-VP, Schneider Updated On Mon, Jun 5th, 2017 by Saurenergy Five percent tax being levied comes as a big reprieve to the solar sector, as against the earlier classification of 18 percent said Anurag Garg, Vice President – Schneider Electric India. In lieu of the tax rate on solar panels being fixed at five percent under the forthcoming Goods and Services Tax (GST), industry players […] Read more
GST Arrests the Slide and May Lead to a Temporary Standstill in Demand: Guru Inder Mohan Singh, Director & COO, Amplus Solar Updated On Sat, Jun 3rd, 2017 by Saurenergy Since Discom supply rates have not been impacted by GST, attractiveness of solar would reduce, and hence private demand, and specifically distributed solar would be impacted said Guru Inder Mohan Singh, Director & COO, Amplus Solar 1. Share your views on GST, how the new Goods and Services Tax rates impact clean energy drive in […] Read more
All solar equipments and its parts including panels, cells and modules would be taxed at 5% under GST Updated On Tue, May 30th, 2017 by Saurenergy The government is planning to bring down GST rate on solar panels or modules to around 5 per cent as against 18 per cent declared earlier. The government’s recent announcement of 18% tax rate under the new indirect tax regime for solar module was the biggest surprise for the power and renewable sector. Looking into […] 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
