Minister of State for Heavy Industries Arjun Ram Meghwal made this statement during a written reply in Lok Sabha citing number of registered electric vehicles as per e-vahan portal. Electric vehicles may be still some time away to become mainstream in India, but there are enough indications that the demands are rising. That is what […]
Electric vehicle makers seek GST rate cut to push growth
EV makers believe incentives and infrastructure are the two major factors that will drive EV consumption in India. CHENNAI : The electric vehicle (EV) industry, which is slowly limping back to normalcy after being severely affected by the Covid-19 pandemic, expects a lot from the upcoming budget to accelerate its growth in the sector. From […]
Hold back imposition of BCD on solar equipment in Budget, demand developers
New Delhi: Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget. They fear that this could derail the government’s ambitious target of having 175GW renewables by 2022, requiring an investment flow […]
Government of Telangana Sanctioned ₹400 Million to Mytrah Agriya Power and Six other Solar Farms in GST and VAT Refunds
Energy Department – Sanction of Rs.40,01,86,629/- to M/s Mytrah Agriya Power Private Limited and (06) other Solar Farms towards refund of SGST/VAT on inputs used for establishing Solar Power Projects in terms of Telangana State Solar Power Policy, 2015 – Administrative Sanction – Orders – Issued For more information please see below link:
EV makers oppose GST cut on hybrid vehicles
The high taxes are making it difficult for some cos to launch hybrid EVs The Society of Indian Automobile Manufacturers (Siam) may drop a proposal to cut goods and services tax (GST) on strong or full hybrid vehicles in its final budget recommendations to the government following stiff resistance from manufacturers of battery electric cars […]
Transaction in electricity & clean energy certificates are exempted from TCS & TDS
The Central Board of Direct Taxes (CBDT) issued new guidelines for the applicability of Tax deducted at Source (TDS) and Tax collected at source (TCS). Under the new guidelines, e-commerce operations which include transactions in electricity and trading of clean energy certificates (REC and ESCerts) are not subjected to TCS or TDS. CBDT states […]
India’s Renewable Sector Open for Business -MNRE Secretary
A Webinar organised by the USISPF to connect US investors with opportunities in Indian renewable sector threw up some insights, and assurances, as MNRE secretary Anand Kumar pitched for more investments from US firms in the sector. At a Webinar organised late yesterday evening by the US India Strategic Partnership Forum (USISPF), participants got dollops […]
IN THE MATTER OF: Petition for seeking approval of Change in Law events due to enactment of the GST Laws
IN THE MATTER OF: Petition under Section 79 of the Electricity Act, 2003 read with Article 12 of the Power Purchase Agreement dated 31.05.2017 executed between the Petitioner and Solar Energy Corporation of India Ltd., for seeking approval of Change in Law events due to enactment of the GST Laws. For more information please see […]
IN THE MATTER OF: Petitionof the PPAs executed between the Petitioners and the Respondents for seeking approval of Change in Law events due to enactment of the GST Laws
IN THE MATTER OF: Petition under Section 79 the Electricity Act, 2003 read with Article 12 of the Power Purchase Agreements executed between the Petitioners and the Respondents for seeking approval of Change in Law events due to enactment of the GST Laws. For more information please see below link:
COVID-19 Effect | Govt extended deadline for filing GST returns to June 30
Interest, late fee and penalty will be waived for companies with a turnover up to Rs 5 crore. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. “Others can file returns due in March, April and […]