Though India was a major inspiration behind the formation of the Gurugram-headquartered International Solar Alliance, the government’s earlier thrust on renewable energy seems to have abated, stakeholders say. One indicator was the government’s emphasis on coal-fired power plants in its latest Economic Survey brought about by the Ministry of Finance.
“The government had levied GST (Goods and Services Tax) on the solar sector,” SunSource Energy Chief Executive Adarsh Das told IANS here, indicating that the honeymoon enjoyed by the sun entrepreneurs may be ending.
Having first announced that solar would be in the 18 per cent tax slab, the GST Council later lowered the rate and clarified that all solar equipment and parts would attract five per cent GST. Solar was previously in the exempt category. Read More…
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