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Rajasthan Treats GST Rate Cut on Clean Energy Equipment as Change-in-Law Event

The benefit of the rate cut must be passed on to procurers and consumers

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The Rajasthan Electricity Regulatory Commission (RERC) has held that the reduction in goods and services tax (GST) on renewable energy devices and parts from 12% to 5% will be treated as a change-in-law event under power purchase agreements (PPAs) signed in the state.

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