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Solar industry demands uniform GST rate of 5%

The Solar Power Developer Association (SPDA) has demanded a uniform GST rate of 5% on solar power generating system (SPGS) in line with the government policy of promoting renewable energy. The GST rate on SPGS would work out to be 8.9% after the recent recommendation by the GST Council to tax 70% of the gross contract value at 5% as the value of supply of goods and the remaining 30% at 18% as the value of supply of taxable services. The government has set a target of 175GW of renewable power by 2022 which includes 100GW of solar power.

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