Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

GST may push up cost of solar power projects

- Advertisement -
The goods and services tax may increase solar energy project costs by 12 per cent-18 per cent and generation costs by 40-50 paise per unit, some industry leaders said, although the government said the new taxation regime won’t have much of an impact on them.

However, officials said even if costs increase, it won’t affect project economics because the additional charges can be passed on to customers.

According to Economic Times, Ratul Puri, chairman, Hindustan Power Projects, said that following GST, solar projects will be about 18 per cent costlier on an average, while cost of generation would go up by around 20 per cent. We have estimated the incidence of GST to be around 23 per cent-25 per cent on various inputs for the segment.

Power, coal, renewable energy and mines minister Piyush Goyal had said earlier the GST rates would not have much impact on his sectors.

Sunil Jain, CEO at Hero Future Energies, said solar modules, which weren’t taxed earlier, will have an 18 per cent levy, while inverters – a major component in solar projects used to convert direct current into alternating current – would now be taxed at 28 per cent instead of zero. Taxes on cement and other materials have been increased, he added.
- Advertisement -

Most Popular Articles

Aspire Scholarship Empowers 36 Engineering Students Nationwide

0
As India's brightest minds rise, the second Aspire Scholarship releases, empowering 36 engineering students from underprivileged backgrounds with full financial support. The second edition...

Andhra Pradesh EV Policy Targets Full EV Fleet Electrification

0
The new policy seeks to significantly boost the adoption of electric vehicles by involving key stakeholders, including public transport providers, private fleet operators, and...

Indian Army Receives Asteria Aerospace’s AT-15 Drones

0
Boosting surveillance with indigenously-developed advanced tech for India's defence capabilities, Asteria Aerospace delivers its AT-15 VTOL drones to the Indian Army. Asteria Aerospace, a...

Propel Industries’ EV Truck Offers Smart Connectivity And Zero Emissions

0
This truck is powered by high-capacity lithium-ion batteries, providing a notable range of up to 350 kilometres on a single charge. It also features...
Samsung Unveils Next-Gen Memory Solutions

Samsung Challenges India’s Antitrust Investigation Over Data Raid

0
Regarding an antitrust investigation linked to Amazon and Flipkart’s exclusive product launches, Samsung accuses India's competition commission of unlawful data confiscation. Samsung has filed a...
Sanjay Kumar Das, MD, WEBEL

“West Bengal Is Positioning Itself As A Silicon Valley Hub, With Several Electronics Packaging...

0
Is West Bengal a ‘dead city’ for tech investments? Speaking to EFY’s Nijhum Rudra, WEBEL MD Sanjay Kumar Das (WBCS) counters negative views, highlighting...

“SEMI Is Actively Working With Indian Universities, Institutions To Create India’s Semiconductor Academy” –...

0
India’s semiconductor industry is expected to face a significant talent shortfall, with a projected shortage of 250,000 to 300,000 professionals by 2027. In an...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...
Prassann Daphal, CEO, Evergreen Recyclekaro India

“Our Patented Method Now Extracts Lithium Carbonate At Over 90% Efficiency And 99% Purity...

0
In a conversation with EFY’s Nitisha Dubey, Prassann Daphal of Evergreen Recyclekaro India Private Limited highlights how plasma furnace technology transforms complex materials into...

Build Future-Ready Semiconductor Titans For India’s High-Tech Ascent To Global Semiconductor Leadership

0
Steve Sanghi of Microchip Technology speaks with Dr Satya Gupta from VLSI Society of India, sharing his insights into the future of chip technology...
Startup Funded

GrowX Ventures Aims ₹4B For Backing Deep-Tech Startups

0
Focusing on high-growth sectors like semiconductors, fintech, and space tech, New Delhi firm GrowX Ventures is set to launch ₹4 billion fund to back...

US Startup Eagle Electronics Raises $14M, Eyes Manufacturing Expansion

0
Securing $14 million in state funding, Ohio electronics manufacturing startup Eagle Electronics eyes on boosting its Solon facility, incorporating advanced tech and partnerships to...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...

InsideFPV Drone Technology For Agriculture, Defence, And Accessible Consumer Solutions

0
InsideFPV Private Limited, a deep-tech drone company, was founded in July 2020 amid the Galwan Valley conflict between India and China. Founded by Arth Chowdhary,...
XP300

Precision PCB Assembly With Xaltan Systems’ Made-In-India Tech

0
As of 2024, this startup is recognised for its innovative desktop pick-and-place machine, transforming electronic prototyping and small-scale manufacturing. Efficiency, accuracy, and adaptability are the...

Industry's Buzz

Aspire Scholarship Empowers 36 Engineering Students Nationwide

0
As India's brightest minds rise, the second Aspire Scholarship releases, empowering 36 engineering students from underprivileged backgrounds with full financial support. The second edition...

Andhra Pradesh EV Policy Targets Full EV Fleet Electrification

0
The new policy seeks to significantly boost the adoption of electric vehicles by involving key stakeholders, including public transport providers, private fleet operators, and...

Indian Army Receives Asteria Aerospace’s AT-15 Drones

0
Boosting surveillance with indigenously-developed advanced tech for India's defence capabilities, Asteria Aerospace delivers its AT-15 VTOL drones to the Indian Army. Asteria Aerospace, a...

Propel Industries’ EV Truck Offers Smart Connectivity And Zero Emissions

0
This truck is powered by high-capacity lithium-ion batteries, providing a notable range of up to 350 kilometres on a single charge. It also features...
Samsung Unveils Next-Gen Memory Solutions

Samsung Challenges India’s Antitrust Investigation Over Data Raid

0
Regarding an antitrust investigation linked to Amazon and Flipkart’s exclusive product launches, Samsung accuses India's competition commission of unlawful data confiscation. Samsung has filed a...

Learn From Leaders

Sanjay Kumar Das, MD, WEBEL

“West Bengal Is Positioning Itself As A Silicon Valley Hub, With Several Electronics Packaging...

0
Is West Bengal a ‘dead city’ for tech investments? Speaking to EFY’s Nijhum Rudra, WEBEL MD Sanjay Kumar Das (WBCS) counters negative views, highlighting...

“SEMI Is Actively Working With Indian Universities, Institutions To Create India’s Semiconductor Academy” –...

0
India’s semiconductor industry is expected to face a significant talent shortfall, with a projected shortage of 250,000 to 300,000 professionals by 2027. In an...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...
Prassann Daphal, CEO, Evergreen Recyclekaro India

“Our Patented Method Now Extracts Lithium Carbonate At Over 90% Efficiency And 99% Purity...

0
In a conversation with EFY’s Nitisha Dubey, Prassann Daphal of Evergreen Recyclekaro India Private Limited highlights how plasma furnace technology transforms complex materials into...

Build Future-Ready Semiconductor Titans For India’s High-Tech Ascent To Global Semiconductor Leadership

0
Steve Sanghi of Microchip Technology speaks with Dr Satya Gupta from VLSI Society of India, sharing his insights into the future of chip technology...

Startups

Startup Funded

GrowX Ventures Aims ₹4B For Backing Deep-Tech Startups

0
Focusing on high-growth sectors like semiconductors, fintech, and space tech, New Delhi firm GrowX Ventures is set to launch ₹4 billion fund to back...

US Startup Eagle Electronics Raises $14M, Eyes Manufacturing Expansion

0
Securing $14 million in state funding, Ohio electronics manufacturing startup Eagle Electronics eyes on boosting its Solon facility, incorporating advanced tech and partnerships to...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...

InsideFPV Drone Technology For Agriculture, Defence, And Accessible Consumer Solutions

0
InsideFPV Private Limited, a deep-tech drone company, was founded in July 2020 amid the Galwan Valley conflict between India and China. Founded by Arth Chowdhary,...
XP300

Precision PCB Assembly With Xaltan Systems’ Made-In-India Tech

0
As of 2024, this startup is recognised for its innovative desktop pick-and-place machine, transforming electronic prototyping and small-scale manufacturing. Efficiency, accuracy, and adaptability are the...