India, Sept. 17 -- The Government of India issued the following news release:
In line with the vision of Hon'ble Prime Minister Shri Narendra Modi to make GST a truly "Good and Simple Tax" that strengthens every sector of the economy, the renewable energy sector has received a major impetus under the latest GST reforms approved by the GST Council in its 56th meeting held on 3rd September 2025.
The rationalization of GST rates across the renewable energy value chain from 12% to 5% will bring down the cost of clean energy projects, making electricity more affordable and directly benefiting households, farmers, industries, and developers. For instance, the capital cost of a utility-scale solar project, which typically amounts to around rs 3....