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GST Rate Schedule for the Solar Industry

The past few months were marked by substantial speculation around how GST will affect the solar industry. Sunkalp Energy had run a few analyses¬†which had indicated a 12-15% increase in the cost of solar. Further we had made some recommendations for including solar and components in ‘zero’ lists.

This Friday the Government released final Goods and Services Tax (GST) rates under the new indirect tax regime proposed to be rolled out from July 1. Below GST rates will be applicable on solar goods:

  • Solar Panel -5%
  • Solar Cells -18%

(more…)

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Piyush Goyal Dharmendra Pradhan

India’s Energy Diplomacy

In an enlightening discussion today at the Energy Conclave 2017, Piyush Goyal (MoS Power, Coal & RE) and Dharmendra Pradhan (MoS Petroleum & Natural Gas) talked about power being a significant part of India’s diplomatic efforts.

Bhutan and Nepal have tremendous potential for hydro power, but they do not have enough consumption or load”, said Mr. Pradhan. Thus these countries are unable to economically develop hydel power plants just to cater to their own consumption (more…)

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DISCOM solar duty

‘Energy Surplus’ States Threatened by Solar Energy

Rooftop solar energy is fast accounting for a more significant percentage of our country’s energy mix. As more and more factories, institutions and posh residences adopt solar under net-metering, they are generating their own power but still using the utility maintained transmission. The more power generated by solar plants, the less units sold by DISCOMs and utilities. This transition is making states and DISCOMs anxious about loss of their highest paying consumers. (more…)

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