TAG: "GST rate cut on solar components"
News
GST rationalisation on RE equipment from 12 percent to 5 percent could cut module and component cost by 3-4 percent, save INR 20-25 lakh/MW in utility-scale solar projects. Rooftop solar under PM Surya Ghar could be cheaper by INR 9,000-10,500 for a 3 kW system. A 5 HP solar pump, costing about INR 2.5 lakh, will now be cheaper by nearly INR 17,500.
GST Rate Cut On Solar Components | September 17, 2025 | By Mrinmoy Dey | 763
Government Slashes GST on Renewable Energy Devices from 12 Percent to 5 Percent
The GST Council has reduced the Goods and Services Tax (GST) on renewable energy devices and related parts from 12 percent to 5 percent, effective September 22, 2025, as part of its broader tax rationalisation reforms. It has also reduced GST on non-lithium-ion batteries to 18 percent from 28 percent.
GST Rate Cut On Solar Components | September 04, 2025 | By Mrinmoy Dey | 9931
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