कोशिश गोल्ड - मुक्त
Grid scale battery storage may get a GST sweetener
Mint Mumbai
|June 27, 2023
Reduced rate of 5% being considered; inputs sought from Solar Energy Corp., NTPC
NEW DELHI: The power ministry is considering recommending slashing the goods and services tax on grid-scale battery storage to 5% in order to help India transition to an energy mix with a bigger share of renewables.
Goods and services tax on lithium-ion batteries used for utility or grid-scale power projects is 18% and for non-lithium ion batteries it is 28%.
“There is a consideration over the need for rationalization of GST. Talks are underway and the power ministry may suggest the finance ministry to recommend the GST Council for the rationalization," said a person in the know of the developments.
Another person said the ministry has also sought inputs from state-run Solar Energy Corporation of India Limited and NPTC on the need for rationalization of the tax.
यह कहानी Mint Mumbai के June 27, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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