GST Slashed to 5% on Renewable Energy Devices, Boosting Clean Power Goals for 2030

“The GST rate on some of the renewable energy device such as solar power generator, windmills and wind operated electricity generator etc. has been reduced from 12% to 5%. This would lead to lower procurement costs for the renewable power generating companies and it would encourage setting up more renewable power generating facilities, marching towards the target of installation of 500 GW of non-fossil fuel electricity generation capacity by 2030.”