Currently, the GST rate on all solar panels is 5%. This was decided when the indirect tax system was overhauled in 2017. An industry executive said that a straight 12% GST for the solar industry will prove to be a catastrophic decision for a huge segment in the renewable energy industry.
Source: indiatimes.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
