It’s Official: Finance Minister Arun Jaitley Confirms 5 Percent GST for Solar
June 3, 2017
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India’s Finance Minister, Arun Jaitley, confirmed a solar GST rate of 5 percent at the 15th meeting of the GST Council held today. This official clarification ends a week of confusion and uncertainty. The solar industry can now move forward and plan ahead based on the 5 percent rate. However, further clarification should be issued about what happens to current projects under development, including the change in law provisions.