Solar industry demands urgent clarity on rate of GST on projects

Solar industry demands urgent clarity on rate of GST on projects

Country’s solar industry has sent out an SoS to policy makers, including key officials in the financeNSE -0.84 % ministry, seeking urgent clarification on the rate of goods and services tax (GST) on solar projects after controversial Authority for Advance Rulings (AAR) held these would face 18% and not 5%.

Budget 2018: Solar industry seeks clarity, relief in safeguard duty

Budget 2018: Solar industry seeks clarity, relief in safeguard duty

Budget 2018: Concerned over future of the sunrise industry which is facing threat due to the proposed imposition of 70 per cent safeguard duty on import of solar power equipment, sector experts are expecting some breather from the Union Budget 2018-19. Industry experts believe that the imposition will not only increase the tariff by almost Re 1.