Renewable Energy industry sees boost to domestic manufacturing, lower tariffs with GST reductions
Sep 05, 2025
Subrahmanyam Pulipaka, CEO at the industry body National Solar Energy Federation of India (NSEFI) articulated the move as a “positive step” and adhering to a long-standing request of the industry for a return to status quo. For perspective, the GST on critical components of solar projects was hiked from 5% to 12% following the 45th Council Meeting in 2021. With the latest return to status quo, Mr. Pulipaka observed, “The effective tax rate would be around 9% from the existing approx. 14%”
