Solar juggernaut to keep rolling despite higher taxes in India

Solar juggernaut to keep rolling despite higher taxes in India

The government’s surprise announcement that solar photovoltaic cells and modules will attract a levy of 18 per cent under the Goods and Services Tax (GST) regime that comes into force on July 1 caught the industry unawares, but experts said it was unlikely to have any lasting impact on the rapid growth of India’s solar energy sector.