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Budget 2020: Renewable energy Industry demands GST restructuring, smooth clearancesBy : Sustainability ..., Jan 29, 2020
With this year’s Union Budget scheduled to be tabled on 1 February 2020, renewable energy industry’s expectations are high and all eyes are on Finance Minister Nirmala Sitharaman making big bang announcements for the sector. While a majority of the industry stakeholders... Read more.. Subject Tags: budget 2020 , decentralised solar , energy equipment , GST , net metering , Off-grid , Renewable Energy , Renewables |
Electric cycles attract 5% GST, ordinary cycles 12% in IndiaBy : Sustainability ..., Dec 24, 2019
The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the low-income group people attract 12 per... Read more.. |
MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary PanelBy : Sustainability ..., Dec 9, 2019
The renewable energy ministry has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 GW of renewables by 2022, said a Parliamentary panel. The Parliamentary Standing Committee on Energy has also... Read more.. Subject Tags: GST , Ministry of New and Renewable Energy (MNRE) , National Solar Mission , NPA , renewable energy targets |
Bajaj Auto invests $8 million in e-bicycle sharing platform YuluBy : Sustainability ..., Nov 27, 2019
Bajaj Auto Ltd, India’s second largest motorcycle manufacturer, will invest in Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute. This comes in the... Read more.. Subject Tags: Bajaj Auto , e mobility , electric bike , electric vehicle , electric vehicle investment , FAME , GST , pollution control |
States rule out GST rate cut on automobiles amid grim revenue situationBy : Sustainability ..., Sep 13, 2019
Key states have expressed reservations on a cut in the goods and services tax (GST) rate for the auto sector because of the grim revenue situation, after the fitment panel refrained from recommending any such reduction. Facing a deepening slowdown, the auto sector is pinning... Read more.. |
GST Council to decide on tax cut on electric vehicles this weekBy : Sustainability ..., Jul 22, 2019
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said. The 36th meeting of the Council,... Read more.. |
12% GST on RECs: Renewable power companies move Delhi High CourtBy : Sustainability ..., Apr 18, 2019
Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax (GST). The case will also have implications... Read more.. |
Govt missing out on low-hanging fruits amid EV-pushBy : Sustainability ..., Mar 25, 2019
A Rs 10,000 crore scheme to subsidise sale of electric and hybrid vehicles as part of efforts to curb pollution is welcome, but the government is missing out on low-hanging fruits like Auto LPG... Read more.. Subject Tags: clean fuel , Clean Mobility , Electric Vehicles (EV) , FAME II Scheme , GST , hybrid vehicles , Urban Transportation |
Solar power generation 5.8 per cent costlier with GST: ReportBy : Sustainability ..., Mar 8, 2019
The introduction of Goods and Services Tax (GST) has led to an increase in the cost of solar photovoltaic (PV) power generation by almost 6 per cent, an independent study by the Council on... Read more.. |
EV makers seek lower duty on components, batteriesBy : Sustainability ..., Jan 29, 2019
The electric vehicle industry is seeking customs duty rationalisation on batteries, cells, motor, controlling units and other components currently imported by OEMs. ... Read more.. |