#solar #india #solarenergy #gst
GST Calculation on On-grid Solar Panel System – Solarismypassion
The main GST benefit for solar systems is the reduction in the Goods and Services Tax (GST) rate for solar panels and key components to 5%, a decrease from the previous 12% rate. This lowers the upfront cost of solar projects for households and businesses, making clean energy more affordable. Other benefits include a 5% rate for EPC (engineering, procurement, and construction) contracts and a reduction in GST for non-lithium-ion batteries used in energy storage from 28% to 18%
#subscribe #tech #technology #tending
Leave a Reply