Indians grappling with the risk of stroke, heart disease and lung cancer from pollution have to contend with an unlikely adversary: The taxman.
The Madhya Pradesh Government today said it would decide on bringing petroleum products under the Goods and Services Tax after considering its impact on the reveune.
The viability of solar projects bid at below Rs 3/mWh may be adversely affected if the increase in solar panel prices by 6-7 cents/watt sustains over coming quarters, said ratings agency Icra on Tuesday.
The volume growth was on expected lines. We had faced some GST issues but that was more in the first quarter because we had some issue on the transition of the stocks lying with the channel on which input credit was allowed by the government
India’s rapidly growing renewable energy projects will gain from easier finance for investments following the upgrade of the country’s sovereign rating by Moody’s, industry leaders said. But the good news may be overshadowed by regulatory woes stifling the sector.
More than four months after the launch of GST, the industry has pitched for inclusion of natural gas in the new indirect tax regime so as to help producers contain cost and aid in moving towards a gas-based economy.
The introduction of Goods and Services Tax (GST) has lifted oil demand in India this year on higher sales of conventional passenger cars and utility vehicles, Wood Mackenzie said today.
The supply chain logistics business is not easy on the startups. In India, though the business is propelled by e-commerce, retail and manufacturing sectors, half a dozen startups despite integrating technology into the age-old logistics space closed down operations last year.
The value of projects awarded to build roads, railways, mining infrastructure, irrigation systems, water supply systems and power transmission lines fell 20.5% year-on-year to Rs 1.38 lakh crore in April-October 2017.
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.