23
Tue, Oct

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 ReNew Power, TSERC, POSOCO, SB Energy, Tata Power and many more participating in RE Analytics 2018. Register Now! - https://t.co/RUOTLHYFsz
Monday, 22 October 2018 10:33
SolarQuarter SolarQuarter Coffee Table & Year Book - India's Cleantech Visionaries 2018 featuring Top Industry Leaders Of The I… https://t.co/lvRgra6DBF
Monday, 22 October 2018 05:21
Monday, 22 October 2018 05:10

Advertisement