Imported inverters could even be subject to an extra International GST tax, while an MNRE official told Mercom that there would be a 5% increase in solar project costs.
After announcements that India will hit solar cells and modules with an 18% tax under the new Goods and Services Tax (GST) Bill, some confusion has arisen about what level the tax will actually be set at.
The Solar Energy Corporation of India (SECI) has reduced the solar capacity to be tendered on government buildings from 1GW to 500MW after its latest buildings survey came out with the lower potential figures.
Plenty of uncertainty surrounds the potential effects of India’s forthcoming Goods and Services Tax (GST) Bill, but the cost of solar could go up by as much as INR4.5 million/MW (US$67,000), according to a new study from the Council on Energy, Environment and Water (CEEW).
Falling Chinese module prices may come to the rescue of solar developers in India who have put in aggressive bids on the assumption that solar equipment prices will fall no matter what, according to Mercom Capital Group’s latest market update.
India has passed a ground-breaking tax bill that seeks to bring the country under one uniform tax regime, but which is likely to increase costs for solar developers.
The Indian government seems ready to push through the much anticipated Goods and Services Tax (GST) bill in Parliament. Jasmeet Khurana, associate director, consulting, Bridge to India, explains the expected cost increases coming as a result.
Turkey has proposed changes to ownership rules for the commercial solar segment in a move that could put off large international investors, according to an industry member.
