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New GST rate on solar system

This query is : Resolved 

Dear Sir

There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.

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.

Sir
Thanks for reply
but my agent told me GST rate increase 5 to 12, The rate applicable WEF 1-10-2021.

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.

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%.

Thanks sir

Approx. time for notification ( as per press meeting it's applicable W.E.F 1-10-2021)

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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