CEEW: Solar Tariffs, Domestic Manufacturing and Jobs Expected to Increase after GST Rollout
February 15, 2017
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Solar tariffs are expected to see a rise of 10 percent once the Goods and Services Tax (GST) is rolled out, according to a study by the Council on Energy, Environment and Water (CEEW). The Council also found that the GST will give a boost to the government’s “Make in India” initiative, improving competitiveness of Indian manufacturers of solar cells, panels and modules, eliminate the cascading effect of the existing tax structure and introduce an input tax credit. Increased competitiveness of domestic solar manufacturers could create an additional 37,000 new jobs in the solar manufacturing sector by 2022, according to the report.