Quick Summary
GST on Renewable Energy Devices Rationalised to 5% to Accelerate India's Clean Energy Transition Rooftop Solar under PM Surya Ghar: Muft Bijli Yojana to Become Cheaper by ₹9,000-10,500 per 3 kW System Farmers under PM-KUSUM to Save ₹1,750 Crore on 10 Lakh Solar Pumps with GST Cut Lower GST to Cut Module and Component Costs by 3-4%, Boosting RE Equipment Manufacturing GST Reform to Power 5-7 Lakh Green Jobs in Renewable Energy Sector over the Next Decade In line with the vision of Hon'ble
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The GST rate on renewable energy devices has been rationalised from 12% to 5%.
Households will find rooftop solar systems cheaper by approximately ₹9,000-10,500 per 3 kW system, making solar energy more accessible under schemes like PM Surya Ghar: Muft Bijli Yojana.
Farmers under the PM-KUSUM scheme are expected to save around ₹1,750 crore collectively on 10 lakh solar pumps, with individual savings of nearly ₹17,500 per 5 HP pump.
The lower GST is expected to reduce module and component costs by 3-4%, enhancing the competitiveness of Indian-made renewable energy equipment and supporting the 'Make in India' initiative.
The revised GST rates will come into effect from 22nd September 2025.
The reform is projected to support the creation of 5-7 lakh direct and indirect jobs in the renewable energy sector over the next decade.
CAclubindia
