The Ministry of New and Renewable Energy (MNRE) has issued ammendment in Benchmark costs for off-gird and Decentralized Solar PV Systems for the years 2021-22.
The Ministry decided to amend the benchmark costs in light of the revised GST rates.
Recently, the Goods and Services Tax (GST) Council revised the GST for solar energy applications and projects. The rates were changed from 5% to 12% by the council.
Because of these fresh changes in GST charges and such changes in future, Ministry has decided to issue benchmark costs for decentralized solar applications, without GST.
MNRE has stated that the applicable GST rates may be added to the benchmark costs for the purpose of central financial assistance (CFA).
For MNRE CFA, applicable GST rates may be added to these benchmark costs.
Accordingly, the undersigned is directed to convey the approval of competent authority for issuing the amended benchmark costs, without GST, for off-grid and decentralized Solar PV Systems applicable for MNRE Schemes for the financial year 2021-22.
The revised benchmark costs will be applicable from August 18, 2021 i.e date of the original order of the benchmark costs for FY 2021-22.
The amended benchmark costs include the total cost of the system and its installations, commissioning, transportation, insurance, warranty, monitoring, and maintenance for five years.
For Details Refer Below Document:
