The latest finding from the study has revealed that the GST implementation will increase the cost of renewable energy systems by upto 20 %.
Currently, the renewable energy sector enjoys 100 % tax holiday on the earnings for 10 years.This incentive will come to an end in GST regime.
A official from Ministry of New & Renewable Energy has said that, we are requesting for exemption since the GST bill has provisions for exemptions by state governments and we believe that renewable energy is fit case for exemption.
Lets see how it goes from hereon and whether renewable energy sector gets exemption or some concession.
Currently, the renewable energy sector enjoys 100 % tax holiday on the earnings for 10 years.This incentive will come to an end in GST regime.
A official from Ministry of New & Renewable Energy has said that, we are requesting for exemption since the GST bill has provisions for exemptions by state governments and we believe that renewable energy is fit case for exemption.
Lets see how it goes from hereon and whether renewable energy sector gets exemption or some concession.
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