“Suzlon welcomes the single biggest tax reform, the Goods and Services Tax (GST) by the Government post-independence. This makes India one amongst the progressive economies which have adopted a unified tax structure. It demonstrates the strength of the Government to bring all states and various parties together to implement this historic initiative. I strongly believe GST will stimulate our economy, will help in increasing GDP growth, will enable ease of doing business and would provide a boost to Indian manufacturing. From a purely tax perspective, capital cost for a new project in the RE sector will not see any major change. Therefore, as far as GST is concerned, it would not have any significant impact on the outlook of wind energy market. We thank Shri Narendra Modiji, Hon Prime Minister of India for this historic initiative and in the cooperative manner it has been implemented.”
