The Central Electricity Regulatory Commission (CERC) has released a suo motu order regarding the slashed goods and service (GST) tax on renewable energy equipment from 12 per cent to 5 per cent. The change in […]
In a major move, the Indian government plans to reduce the applicable GST rates on several renewable energy devices and parts from 12 per cent to 5 per cent. These include solar cookers, solar water […]
The GST Council has decided to slash the goods and services tax (GST) on renewable energy devices and parts for their manufacture. The tax has been reduced from 12 per cent to 5 per cent. […]
The Central Electricity Regulatory Commission (CERC) announced that developers are entitled to reimbursement for extra expenses incurred for 100 MW solar power projects in Uttar Pradesh and Karnataka following the implementation of the Goods and […]
With India’s ambitious 2030 clean energy targets and the 2070 net-zero goal, more was expected from the Union Budget 2023-24 to increase the uptake of electric vehicles (EVs) and solar photovoltaics (PVs). Currently, the EV […]
India, by far, has been one of the nations with an extensive withholding tax regime. As per the press release dated September 18, 2022, issued by the Ministry of Finance, the gross collection of direct […]
By Sarthak Takyar In India, instead of a carbon tax linked to emissions (apart from select pilot schemes), a broad carbon tax is levied on the consumption of polluting goods in a bid to increase […]
Ranjeet Mahtani, Partner, and Nischal Agarwal, Senior Associate, Dhruva Advisors LLP The renewable energy sector has been growing healthily across the globe, offering the earth’s citizens a greener and cleaner means of energy. According to […]
In a scenario of reducing solar power tariffs, there are increasing instances of reneging on old deals and renegotiation of contracts. As such, there is a growing focus on litigation and legal issues, underlining the […]
Plunging solar power tariffs have led developers to seek ways to reduce costs and improve efficiencies in solar power generation. Balance of system (BoS) components, which have significant capital and operational cost implications, can play […]
Wind power development in the country started in 1986, with the setting up of the first wind farms in Maharashtra (Ratnagiri), Gujarat (Okha) and Tamil Nadu (Tirunelveli). Despite several challenges, the segment has since recorded significant growth. Today, […]
The year 2017 is turning out to be quite eventful for the renewable energy sector. First, solar power prices plummeted to Rs 3.30 per kWh in early February in the auction for developing the […]
Compared to the massive support the renewable energy sector has been receiving from the government for the past couple of years, Union Budget 2017-18 has little to offer to the sector. Apart from the announcement […]
In line with the developments in the renewable energy sector in the past year, there are high expectations from the industry for the upcoming year. Industry stakeholders discuss their wish list for the Union Budget […]
In the past few years, engineering, procurement and construction (EPC) contracting has emerged as the most preferred option for renewable energy developers as it passes the majority of the design, development and construction risks to […]
The goods and services tax (GST), which will subsume all indirect taxes and integrate the country into a single market, is arguably the biggest tax reform to be taken since Independence. Under GST, credits of […]
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