CERC Provides Relief to Solar Developers in Matter of GST Compensation
In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and ...
To Boost Indigenous Manufacturing, Government Reduces Customs Duty on EV Components
In a move that could significantly influence the pace of EV adoption in the country, the government has reduced the applicable customs duty on parts and components of electric vehicles ...
Budget 2019: Tempered Expectations from India’s Solar Industry
The year 2018 was a tumultuous one for the solar industry. Vague interpretation of the Goods and Services Tax (GST) rates led to a long period of confusion which in ...
The Effective Rate of GST on Solar Projects is 8.9%, Argues SPDA in Letter to Jaitley
Keeping in view the lingering uncertainty regarding the applicable rate of GST on various components that go into the making of a solar project, the GST Council, in its 31st ...
Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement
It has been almost 6 months since the imposition of safeguard duty on solar imports to India. However, the industry is still clamoring for clarity amid a plethora of problems ...
Indian Renewable Energy Sector Received $3.2 Billion in FDI During 2015-2018: DIPP
The Indian renewable energy sector received approximately $3.2 billion in the form of foreign direct investment (FDI) from April 2015 to June 2018, says data released by the Department of ...
Mercom India’s Most Read Articles of 2018
2018 was an eventful year for the Indian solar market with imposition of duties, policy upheavals, and a lack of clarity which collectively may result in a down year for ...
GST Council Recommends 5% GST Rate for 70% of Solar Project Cost
After waiting for months for clarity on Goods and Services Tax (GST) rates, the GST Council has now given its recommendations on solar power generating projects and other renewable energy ...
India Was the Second Largest Solar Market in 9M 2018
India’s solar installations came in second worldwide during the first nine months of 2018 in terms of solar capacity addition. China added a whopping 34.5 GW of solar PV capacity ...
GST Introduction to be Treated as Change in Law for Transmission Service Providers: CERC
The Central Electricity Regulatory Commission (CERC) has issued an order stating that the introduction of Goods and Services Tax (GST) that came into effect from July 1, 2017 will constitute ...
Intersolar Bangalore Day 1: Solar Industry Still in a Funk from Safeguard duty and GST
The Indian solar sector is still experiencing a hangover from the safeguard duty imposition and Goods and Services Tax (GST). This appeared to be the popular sentiment of solar project ...
India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018
Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest data from the Department of Commerce, solar modules and cells worth ...
Stakeholders Urge Government to Provide Clarity on Applicable GST Rates on Solar Projects
The Solar Association recently organised a conference in the national capital to discuss issues related to the Indian solar sector. The discussion ranged from the current trends and common pain ...
CERC Issues Order to Provide ₹2,153.9 Million in GST Relief to Two Solar Project Developers
The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPDs) by reimbursing the sum that was incurred as additional capital expenditure after the introduction ...
GST Rate 5% or 18%? Solar Sector Continues to Live with Uncertainty
Passed on 1st July 2017, India’s Goods and Services Tax (GST) is an indirect tax imposed on goods and services, and replaces existing state and central taxes of a similar ...
India Grabs the Top Spot, Sells 1.3 Million Off-Grid Solar Products in H1 2018: Report
According to a newly published report by the Global Off-Grid Lighting Association (GOGLA), India has emerged as the world’s largest cash market for off-grid solar products, with 1.3 million products ...
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’
The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an ...
CERC Provides One Time Approval for Change in Law Due to Enactment of GST
The Central Electricity Regulatory Commission (CERC) has issued an order stating that the enactment of GST laws is covered as Change in Law under Article 12 of the power purchase ...
GST on Li-Ion Batteries Reduced from 28 to 18 Percent
In a bid to propel the growth of electric vehicles (EV) in the country, the government has announced a slash in the applicable rate of the Goods and Services Tax ...
MNRE Extends Commissioning Date of Solar Projects Affected by GST
The Ministry of New and Renewable Energy (MNRE) has issued an order extending the commissioning date (COD) of solar photovoltaic (PV) projects that were affected after the imposition of Goods ...
Solar Installations in India Increased 34% to 3.3 GW in Q1 2018
Indian solar market had its best quarter ever with 3,269 MW of solar installed in Q1 2018 according to Mercom India Research’s newly released Q1 2018 India Solar Market Update ...
Solar Companies Still Waiting for GST Clarity and Refunds
India introduced its Goods and Services Tax (GST) on July 1, 2017, hailing the new tax mechanism as the most efficient way to curb rising tax evasion in the country ...
Supply of Goods and Services for Solar Projects Cannot have Flat GST Rate of 5%: Karnataka
In another order aimed at reducing the ambiguities of the GST rate implementation on solar projects, the Authority of Advance Ruling (AAR) in Karnataka concluded that a turnkey engineering, procurement ...
Supply of Goods and Services for Solar Projects to Attract 18% GST: Maharashtra
The ambiguity regarding the imposition of appropriate rate of Goods and Services Tax (GST) on various facets of the solar industry continues to plague the sector. Recently, the Maharashtra State ...
Solar EPC Contracts Cannot be Composite as per GST, Rules Maharashtra Authority
In a recently issued order, the Maharashtra State Authority of Advanced Ruling (MSAAR) stated that the supply of turnkey engineering, procurement and construction (EPC) contract for the construction of a ...
