What is the GST rate on Solar EPC Contract Under PM Suryaghar Yojana?
Is it 70% on Goods @ 5% and 30% on Service @ 18%
or
We can charge 5% on entire project being composite supply.
A lot of confusion, any professional clarification is warmly welcome.
The GST on a Solar EPC contract is not a single flat rate. It follows a 70:30 split: 70% of the value is taxed at 12% (Goods), and 30% of the value is taxed at 18% (Services), resulting in an effective tax rate of 13.8% on the total contract value.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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