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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)."

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