The Ministry of Power (MoP) informed that it would be writing to the Department of Revenue recommending a uniform slab of 5% goods and services tax (GST) on all renewable energy components nationwide.
In this regard, MoP, during a meeting under the Chairpersonship of CEA, had requested renewable energy associations and developers to furnish the list of such components and raw materials which are utilized in the development of projects related to solar, wind, pumped hydropower, battery energy storage system, bioenergy, waste to energy, green hydrogen, green ammonia, carbon capture, and electric vehicles for which GST reduction can be proposed to Department of Revenue to promote renewable energy technologies.
This move comes on the heels of the CEO of NITI Aayog’s demi official letter to the Secretary of Department of Revenue advocating a uniform GST slab on all renewable energy components.
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