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GST Tax Reduction on Renewable Energy Equipment and Cement in India

Sector: Manufacturing (Industrial) • Location: New Delhi, India

Source: ET Energy World

Project
Planned

The GST Council in India has reduced the tax rate on renewable energy equipment from 12% to 5% and lowered the GST on cement from 28% to 18%. This reform aims to lower project costs, accelerate clean energy adoption, boost domestic manufacturing, and ease consumer burden, thereby promoting infrastructure development and renewable energy growth.

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Project Information

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The project “GST Tax Reduction on Renewable Energy Equipment and Cement in India” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in New Delhi, India. Taiyo aggregates data on it from ET Energy World.

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Participants

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planned

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Description

Description

The GST Council in India has reduced the tax rate on renewable energy equipment from 12% to 5% and lowered the GST on cement from 28% to 18%. This reform aims to lower project costs, accelerate clean energy adoption, boost domestic manufacturing, and ease consumer burden, thereby promoting infrastructure development and renewable energy growth.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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