NEW DELHI: The power ministry is considering recommending slashing the goods and services tax on grid-scale battery storage to 5% in order to help India transition to an energy mix with a bigger share of renewables.
Goods and services tax on lithium-ion batteries used for utility or grid-scale power projects is 18% and for non-lithium ion batteries it is 28%.
“There is a consideration over the need for rationalization of GST. Talks are underway and the power ministry may suggest the finance ministry to recommend the GST Council for the rationalization," said a person in the know of the developments.
Another person said the ministry has also sought inputs from state-run Solar Energy Corporation of India Limited and NPTC on the need for rationalization of the tax.
هذه القصة مأخوذة من طبعة June 27, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 27, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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