GST to have marginally negative impact on new solar projects: ICRA

GST to have marginally negative impact on new solar projects: ICRA

The GST rate of five per cent on solar PV cells and modules is likely to have a marginally negative impact on new solar power projects, says ICRA.

The GST rate of five per cent is finalised on solar PV cells and modules as per the notification dated June 3, 2017 which thus clears the ambiguity surrounding the applicable rate, the rating agency said in a statement issued here today. Read more

Credits:economictimes

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