MERC Allows Compensation for Renewable Energy Developer on GST Rate Change
The GST rate on renewable energy devices was increased from 5% to 12%
June 25, 2024
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The Maharashtra Electricity Regulatory Commission (MERC) ruled in favor of TP Saurya (TPSL), a subsidiary of Tata Power Renewable Energy, declaring the increase in Goods and Services Tax (GST) rates as a “Change in Law” event for its 300 MW wind-solar hybrid power project.
