Although it’s been a while since the Madhya Pradesh Net-Metering Regulations were formalized, it’s only now that we see people applying for net-metering and some ground level action. Madhya Pradesh Electricity Regulatory Commission (MPERC), released the regulations in October last year and can be viewed here. (more…)
It begins with a basic outline that Delhi has a solar potential of 2.5 GW of which 49% (almost half) would come from the domestic sector. This brings us back to think about the role played by residential rooftops in Delhi in making solar a great success and popularizing it. (more…)
After having read an analysis on the Gujarat Net- Metering Regulations, here is a step-by-step procedure of Net-Metering application for those in Gujarat been waiting for these to kick start their projects. The procedure for application is beautifully outlined here in the Guidelines with set timelines. This finally seems a lot more organized and straightforward framework. (more…)
The Gujarat Net-Metering Guidelines are unique in its own way. Parts of it have greater level of detail and depth in it which is an evolution and a step forward from the past regulations that were published by other state commissions. However, other parts of it can be compared with regulations of the other states. The final Net- Metering Guidelines were published on 18/06/2016. (more…)
On Wednesday, the Rajya Sabha passed the GST bill, moving one step closer to making GST a reality. While GST has been widely touted as a positive reform for the Indian economy in general, we explore how GST will specifically impact the Solar Industry.
1. Current and Proposed Tax Scenario
Currently, different tax rates are applicable depending on the nature of procurement. Generic Excise duty rate is 12.5%, Service tax is 15%, Import Duty is 29.4% and VAT 5%-14%. All such rates could be reduced/ exempted basis the actual nature of goods and purpose, depending on state, by using C forms and by availing concessions.
Proposed GST Taxes
Below are the approximate rates for different types of GST or Goods and Service Tax.
|State GST/ SGST||10%|
|Central GST/ CGST||20%|