GST Cut on Solar Cells to Reduce Costs and Tariffs

THE PROPOSED CUT in GST rates on solar equipment and assorted devices run on solar energy are expected to reduce costs for developers and manufacturers, and help accelerate the adoption of key non-fossil fuel energy.

- RAGHAVENDRA KAMATH

The GST Council meeting is expected to cut the rates on renewable energy products such as photovoltaic cells, solar cookers, solar power generators from 12% to 5%.