How will GST impact India's energy sector?

India
Typography

One of the main energy sub-sectors to be impacted post the implementation of GST is renewables.

The sector currently enjoys various fiscal incentives like 100 per cent tax holiday on earnings for 10 years, concessional excise and custom duties and so on. These incentives will come to an end in the new GST regime. The indirect tax reform through the GST could, therefore, hike renewable energy costs and pricing and hit investors.

The impact includes a 16-20 per cent rise in Solar Off Grid costs; 12-16 per cent rise in Solar PV Grid installations and a 11-15 per cent jump in the cost of setting up wind energy projects.

 

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Meet 2018 Award Winners: Solar PV ModuleTECH Awards 2018_Heartiest Congratulations! - https://t.co/4cBviyv7wb
About 20 hours ago
SolarQuarter EMobility Week India 2018 Only 36 Seats Remain! Secure Your Spot! 23 Aug 2018_New Delhi - https://t.co/mmAuUGkxCd
Saturday, 11 August 2018 08:23
SolarQuarter Attendee List: Confirmed Speakers & Companies At Solar PV ModuleTech 2018_Limited Seats_10 August 2018_ New Delhi - https://t.co/VhKNgorbVr
Tuesday, 07 August 2018 13:08

Advertisement