GST Council Recommends 5% GST Rate for 70% of Solar Project Cost

After waiting for months for clarity on Goods and Services Tax (GST) rates, the GST Council has now given its recommendations on solar power generating projects and other renewable energy projects. These recommendations will become law after gazette notifications. The GST Council has recommended that where a solar power generating system (under chapter 84, 85 or 94 of the tariff) attracting 5…