GST reforms: Lower taxes on renewables and cement to ease project costs, accelerate green and infra adoption
The GST Council’s decision to slash tax on renewable energy equipment from 12% to 5% and reduce cement to 18% has drawn strong support across industries, with stakeholders saying the reform will lower project costs, accelerate clean energy adoption, boost domestic manufacturing and ease consumer burden.
The GST Council’s decision to slash tax on renewable energy equipment from 12% to 5% and reduce cement to 18% has drawn strong support across industries, with stakeholders saying the reform will lower project costs, accelerate clean energy adoption, boost domestic manufacturing and ease consumer burden.
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