India's Central Electricity Regulatory Commission (CERC) will provide relief to solar developers impacted by the introduction of the goods and service tax (GST) for projects under development. The move follows a petition from developers, who called for GST to be declared a Change in Law for power purchase agreements, and for the introduction of a process for compensating developers for increased expenses. "The government has decided that all new projects, including those which are being developed on or after 1 July, should have an exemption from GST," said CERA Chairman A P Patnaik at a
India's Central Electricity Regulatory Commission (CERC) will provide relief to solar developers impacted by the introduction of the goods and service tax (GST) for projects under development. The move follows a petition from developers, who called for GST to be declared a Change in Law for power purchase agreements, and for the introduction of a process for compensating developers for increased expenses. Developers claim that construction costs have increased by millions.