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Indian Firms Seek Equal GST Terms For Hydropower Projects

by Mary Swire, Tax-News.com, Hong Kong

01 December 2017


The Associated Chambers of Commerce and Industry of India on November 30 called on the Government to set GST rates for hydropower on par with those for wind and solar power.

"Hydro projects attract 18 percent GST for equipment and 28 percent for cement while the same for solar is made five percent [for] Engineering, Procurement, and Construction (EPC) which has a glaring additional cost impact on power produced from hydro projects," ASSOCHAM said, releasing a report on the subject matter.

It also argued that Engineering, Procurement, and Construction (EPC) contracts for hydropower projects should also face the five percent GST rate.

As supplies of electricity are not subject to value-added tax, energy suppliers are unable to recover the GST incurred in power generation activities embedded in the final supply.

TAGS: environment | tax | India | energy | goods and services tax (GST) | services

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