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Title: GST shines on renewable energy sector
Source:The Economic Times
Date:4 July 2017

The renewable energy sector is quite content with GST provisions. Contrary to earlier fears of sale of solar equipment panels, modules and inverters being taxed at high rates, the GST on such sales has been set at 5 per cent. Similarly, in wind segment, sale of turbines and other equipment will attract GST of 5 per cent, the same as VAT did earlier. However, most wind equipment manufacturers also take on the task of setting up projects for developers, and this being a service, will attract 18 per cent GST, up from 12 per cent tax on engineering services earlier.




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