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Goods and Services Tax

India: Industry Demands Equally Assertive Solar Thermal Publicity

Submitted by Baerbel Epp on September 20, 2016
India REI 16 PanelThe Indian government should provide the same assertive publicity for solar thermal technology as it had for solar PV because the population still needed to be made aware of the benefits of solar water heating. This was the major concern raised during the panel discussion Policy and Regulatory Framework for Solar Water Heater Market Development in India moderated by Jaideep Malaviya (third from right), Secretary General of the Solar Thermal Federation of India (STFI). Five industry representatives took part in the event held during the Renewable Energy India Exhibition and Conference 2016 near New Delhi at the beginning of September (from left to right): Rigal Patel (Redsun Solar), Bhoovarahan Thirumalai (Aspiration Energy), Devinder Kaushal (Inter Solar Systems), Saurabh Bhandari (Solarmaxx) and Chandrakant Shah (Kosol Hiramrut Energies).
Photo: STFI
 

India: Tax Reform May Lead to System Price Increases

Submitted by Baerbel Epp on September 6, 2016
Gujarat Borosil Glass WorksIn India, there are multiple indirect taxes levied on most transactions. These taxes are divided into those collected by the federal government and the ones collected by state authorities. At the beginning of August, the Indian parliament passed the Goods and Services Tax (GST) Bill, which aims for a radical overhaul of the country’s tax system by merging federal, state and local taxes and turn India into a “single-tax” country. The GST is expected to improve the way business is conducted, make foreign investment more attractive and increase the gross domestic product by between 1.5 and 2 %. But the renewable energy industry may take a hit, according to statements from members of the Solar Thermal Federation of India (STFI). All tax incentives will end under the new GST regime, which is to be implemented by 1 April 2017.
Photo: Gujarat Borosil Glass Works
 

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