Rationalization of the commodity and services tax rate: a large batch of green energy

It is expected that the rationalization of GST in the solar energy, wind and batteries sectors will reduce the capital cost of solar energy and wind energy projects by 5 % while the price of all batteries that enjoy 18 % of the commodity and services tax will make clean energy solutions and storage more affordable prices and can be reached for families and companies.

On Wednesday, the Commodity and Services Tax Council decided to reduce taxes to 5 % of 12 % on silicone chips, solar energy -based devices, air mills, winds operating with winds and photovoltaic cells.

“The rationalization of commodity tax rates and services for solar photovoltaic units and wind turbines will reduce the capital cost of solar energy and wind projects by 5 %. This is expected to reduce the cost of generating solar energy projects under 10 Paise Per Projects and Patra Processs by 15-17 Paise Per Per.

He said this would reduce the capitalist cost of implementation projects, and it is also possible to be reflected in the upcoming bids. This, in turn, will benefit the energy distribution companies in the form of low purchase of continuous energy.

The Energy Storage Alliance (India), the industry alliance that focuses on developing advanced energy storage, green hydrogen and electronic capacity, said that they are happy that all batteries, whether they are ion ion, or otherwise, have been transferred to the commodity and services bomb by 18 %.

“We at IESA used to call the same for a long time, this motivation will give to non -legeium techniques (by 28 % of the commodity and services tax) to obtain an equal field. On the other hand, Ammonia GST has been reduced from Ammonia GST, on the other hand, Ammonia GSt, DEBMAY.

She described it as a strong step, said Britti Bage, MD & CEO, said this will not enhance demand and accelerate solar energy adoption but also enhances the stability of the network and storing renewable energy for renewable energy.

She said: “We welcome this teacher reform, which corresponds to our vision of meeting the needs of all the advanced Indian energy consumer with smart and sustainable energy solutions. These measures will also stimulate growth through the allied renewable energy industries by creating job opportunities, and thus setting a strong basis for ready -made India in the future.”