Gst Rate On Solar Power Generating System On Solar Power Based Devices a 5 GST ruled on Goods where the value of goods is to be taken as 70 of the gross consideration uptill 30 9 2021 However the rate of tax on goods portion
Our Analysis In my view the rate of GST on Solar water pumping system should be 5 since under entry No 234 of Sch I the rate of GST prescribed in specific Solar Power Generating Systems A complete solar power generating system includes various components like inverters batteries and other essential equipment
Gst Rate On Solar Power Generating System
Gst Rate On Solar Power Generating System
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The applicable GST rate for supply of equipment for a solar power generating system composite supply will be 12 the value can be equivalent to 70 of the plant cost With the increase in GST from 5 to 12 on renewable energy equipment at the project level the new effective rate of GST on wind and solar power comes to around 13 8 The confusion is around
8 rowsThe applicable GST rate for supply of equipment for a solar power generating system composite supply will be 12 the value can be equivalent to 70 of the plant The combination of solar inverter and panels do not make Solar Power Generating System thus the said supply will be treated as mix supply and rate of GST will be 18
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A Clarifications on rates and classification of goods Retrospective application of 70 30 ratio for Solar PV power projects GST on specified renewable energy projects is applicable Representations have been received seeking clarification regarding the GST rates applicable on Solar PV Power Projects on or before January 01 2019 The issue
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On Solar Power Based Devices a 5 GST ruled on Goods where the value of goods is to be taken as 70 of the gross consideration uptill 30 9 2021 However the rate of tax on goods portion
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Our Analysis In my view the rate of GST on Solar water pumping system should be 5 since under entry No 234 of Sch I the rate of GST prescribed in specific
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Gst Rate On Solar Power Generating System - The combination of solar inverter and panels do not make Solar Power Generating System thus the said supply will be treated as mix supply and rate of GST will be 18
