18% GST for Inverters, Ups, solar modules.......
GST on solar panels is 5%. See point number 12 in following link.
GST on solar inverters should be 5% as it can be considered under solar device category. Though further clarity is required on this from GST dept.
Sir may i know HSN code
Hi
We are into construction field we take the Machinery and vehicle on rent. please let me know the GST rates?
The small financial plan measure that has gotten insufficient consideration is the burden of GST on the import of rv solar panel powered chargers from zero to 17%. The GST on inverters and other essential gear, in addition to import obligations are moreover. More than 95% of the boards are imported.
Inverters, UPS now comes under 18% GST slab. GST on solar inverters should be 5% as it can be considered under solar device category. Though further clarity is required on this from GST dept.
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Toyota Qualis spare parts
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.
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