Hi
i am individual farmer. I am setting up 1 mw solar power plant on my own 5 acres land in solapur dist.
I have signed PPA with mahadiscomm (state govt undertaking) for 25 years with 3.30 tarrif
when i approached bank for the loan approx 3.0 CR (rest is my equity total project cost 4.0 CR), bank is asking me for the GST certification. I am indivdual farmer and i am not going to issue GST bill to the disscomm as sale of electricity is not under GST act
My consultant is saying that I still need to register and get GST number as
1] my annual revenue will be approx 50L and 2] he need my GST to mention it in eWay bill
My question is since there no GST obligations for me for this business (sale of electricity) do i need to get GST ? if yes why ?
Thanks in advance
CAclubindia
