GST rate on Solar Panels

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89 Points Posted on 11 May 2020
I sold GST solar panels but I confused on 70% or 30% ratio of solar panels and GST rate there in How can I issue GST bill while I am registered as trading dealer under GST act
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On 11 May 2020 at 18:57 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) rate applicable to solar panels. If you are solely trading solar panels as a dealer, the standard GST rate of 5% applies to your entire invoice. However, if your business involves both the supply and construction of solar projects, a different rule applies, potentially using a 70% and 30% ratio for tax calculation.

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Professional - CA firm
524 Points Posted on 11 May 2020
Hi

plz pm

thanks
Mohit
8335093446
1 Reply
On 11 May 2020 at 21:34
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Chartered Accountant
1147 Points Posted on 12 May 2020

Sir,

70% and 30% rule is applicable if you are into supply and construction of solar projects. If you are merely a trader of solar panels, i.e., only goods and no services, then 5% is the applicable GST rate for your entire invoice value..  

 

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On 12 May 2020 at 19:34

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