Government to increase taxes for energy solutions

As was confirmed by several state officials, India will implement new Goods and Service Tax (GST) rates for the renewable energy sector, starting on 1 July 2017. The solar, the bioenergy and the WtE sector will all be affected by a 5% tax rate on goods such as WtE facilities, wind turbines etc. Contrary to this, there were rumours about a new tax rate as high as 16 to 18% for solar cells and modules last week, but this has been denied by India’s Revenue Secretary in the meantime. This was reported by German news source Sonne Wind & Wärme.

Picture credit: public domain

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