New GST rate on solar system
This query is : Resolved
27 September 2021
Dear Sir
There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.
There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.
27 September 2021
5% GST applicable.
The supply of Solar Power Generating System along with other goods and service of designing, erection, commissioning & installation of the same is classified under SI no. 234 of Notification No. 1/2017-Central Tax (Rate) dated 28.6.2017 as amended vide Notification no. 24/2018-Central Tax (Rate) dated 31.12.2018 and SI no. 38 inserted in Notification no. 11/2017-Central Tax (Rate) dated 28.6.2017 vide Notification no. 27/2018-Central Tax (Rate) dated 31.12.2018.
The supply of Solar Power Generating System along with other goods and service of designing, erection, commissioning & installation of the same is classified under SI no. 234 of Notification No. 1/2017-Central Tax (Rate) dated 28.6.2017 as amended vide Notification no. 24/2018-Central Tax (Rate) dated 31.12.2018 and SI no. 38 inserted in Notification no. 11/2017-Central Tax (Rate) dated 28.6.2017 vide Notification no. 27/2018-Central Tax (Rate) dated 31.12.2018.
27 September 2021
Sir
Thanks for reply
but my agent told me GST rate increase 5 to 12, The rate applicable WEF 1-10-2021.
Thanks for reply
but my agent told me GST rate increase 5 to 12, The rate applicable WEF 1-10-2021.
27 September 2021
Dear Sir
My agent send me 45th Meeting of the GST Council, Lucknow
17th September, 2021 press release in it
Major recommendations on GST rate changes in relation to Goods [w.e.f 1.10.2021 unless
otherwise stated]
Specified Renewable Energy Devices and parts from 5% to 12%.
It's applicable or just recommendation.
My agent send me 45th Meeting of the GST Council, Lucknow
17th September, 2021 press release in it
Major recommendations on GST rate changes in relation to Goods [w.e.f 1.10.2021 unless
otherwise stated]
Specified Renewable Energy Devices and parts from 5% to 12%.
It's applicable or just recommendation.
27 September 2021
Yes it will increase to 12% as per 45th GST council meeting but haven't seen the notification as yet. Also note that the SITC of solar power generation system is charged in 70:30 proportion like 5%(12% if changed) on 70% of the contract value and 18% on the remaining 30%.
27 September 2021
Thanks sir
Approx. time for notification ( as per press meeting it's applicable W.E.F 1-10-2021)
Approx. time for notification ( as per press meeting it's applicable W.E.F 1-10-2021)
27 September 2021
There is no appox time. Fresh rates will be applicable as when the notification is issued. So you will have to keep yourself updated.
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