Advertisement
Advertisement
advertisement

GST should be imposed on renewable equipment imports: Goyal

Power Ministry is not pitching for keeping renewable energy equipment out of the purview of proposed GST but wants a level-playing field for domestic manufactures.

"Ideally we should put GST (rate) on imports so that it becomes a level-playing field and domestic manufacturing are not at disadvantage. Today there is an inverted (duty) structure. Domestic (manufacturers) are paying more taxes than imports," Goyal, the Power and New and Renewable Energy Minister, said.

The proposed Goods and Services Tax law, which seeks to subsumes all central and state levies including excise, service tax and sales tax, is stuck in the Rajya Sabha. Speaking on the idea of keeping the renewables out of GST, Goyal said, "Some manufacturing people did talk to me. I don't think we should keep it out of GST. My approach is different. We have to create a level-playing field. So, GST (rate) should be on imports (of renewable)."

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter India Wind Energy Forum 2019 is almost here! Buy your ticket today https://t.co/2ophHXXrpv See you on Nov 14, 2019!
About 15 hours ago
SolarQuarter SolarRoofs Karnataka 2019 is almost here! Buy your ticket today https://t.co/CVIqStbToI See you on Oct 04, 2019!… https://t.co/JMTQI6azf0
Saturday, 14 September 2019 05:10
SolarQuarter Who Will Win The Most Prestigious EMobility Week Awards In 2019? - https://t.co/e1xBzttu0U
Friday, 13 September 2019 11:47