22 Points
Joined May 2024
The Goods and Services Tax (GST) rate on inverters and solar panels can vary based on factors like capacity, type, and brand. Typically, inverters may attract a GST rate ranging from 5% to 18%, while solar panels are usually taxed at either 5% or 18%. However, it's essential to stay updated on the latest GST notifications as rates may be subject to change by the government. Additionally, certain exemptions or concessions may apply to promote the adoption of renewable energy sources.
Therefore, it's advisable to consult with a tax expert or refer to official government sources for accurate information on GST rates for inverters and solar panels.