No Need to Lower GST Rates for the Growth of Solar Power in India: Piyush Goyal Updated On Fri, May 19th, 2017 by Saurenergy The GST Council has finalized 18 percent of rate for solar panels in its three-day meeting in Srinagar. Piyush Goyal, Power, Coal, Renewable Energy and Mines Minister has said that the government does not need lower tax rates to ensure the growth of solar power sector in India. Goyal was talking in the context of […] Read more
GST to increase solar tariffs, boost domestic manufacturing and jobs: CEEW Updated On Wed, Feb 15th, 2017 by Saurenergy Key contributors to the increase in solar tariffs, as a result of GST, would include increase in operations and maintenance cost, panel costs, and financing costs. According to a study released by the Council on Energy, Environment and Water (CEEW),India’s emerging solar sector could see tariffs rise by nearly 10% if current tax exemptions were […] Read more
Solar players expect tax incentives in budget, uncertainty over GST remains Updated On Tue, Jan 31st, 2017 by Saurenergy According to Solar players’ continuation of appreciated depreciation, a financial incentive, along with concessional interest rates and use of Rs 54,000 crore National Clean Energy Fund could be crucial to achieve country’s ambitious target. Amid uncertainties over the impact of Goods and Services Tax (GST) and Make in India programme being affected by falling prices […] Read more
If the solar tariff increases then the demand of solar will go down which will impact the further capacity roll-out: Hindustan Power Updated On Fri, Sep 23rd, 2016 by Saurenergy The Clean energy arm of Hindustan Power is one of the leading India’s player in solar power generation. It has developed solar farms across the country and internationally. Hindustan Power played major role in changing the scenario of solar power in India. India’s first solar power plant of 5 MW capacity and the then Asia’s […] Read more
Manufacturers of solar power equipment express concern over GST Updated On Thu, Sep 1st, 2016 by Saurenergy Solar equipment manufacturers have expressed concern over implementation of Goods and Service Tax (GST) that will possibly increase the cost of power projects and subsequently put higher tariffs burden on consumers. Speaking to PTI Surender Pal Singh, Chairman, Solar Energy Equipment Manufacturers’ Association of Telangana said “Currently the sector enjoys almost zero tax structure in […] Read more
MNRE invites Comments / Views on Implications of GST on delivered cost of Renewable Energy by 15th March. Updated On Wed, Mar 2nd, 2016 by Saurenergy Ministry of New and Renewable Energy (MNRE) has invited comments and views of the implications of Goods and Service Tax (GST) on delivered cost of Renewable Energy by 15th March, 2016. To understand implication of GST on the delivered cost of renewable energy MNRE commissioned a study in July 2015 which then stated that implementation […] Read more
Solar Industry eyes tax exemptions and financial aid from the coming Budget Updated On Mon, Feb 15th, 2016 by Saurenergy This budget is getting indispensible with government’s relief words for the manufacturers and associates. The dart of economic revival and business friendly country is on the suitcases of the coming budget. The ambitious solar power industry has urged the government for tax incentives and financial aid to make ‘solar’ an attractive and viable option. “The […] Read more
