LatestGoods & Service Tax (GST) 8 July 2026
Tax Cut Gains Shared
The Andhra regulator has ordered renewable energy developers to share tax cut gains with consumers, following a reduction in customs duty on solar modules and GST on renewable energy equipment, this move is expected to benefit consumers and make renewable energy more affordable, the order treats the reduction as Change in Law events under renewable energy contracts
The Andhra regulator has made a significant move by ordering renewable energy developers to share tax cut gains with consumers.
This decision comes after a reduction in customs duty on solar modules and GST on renewable energy equipment.
The key points of this order include:
- Reduction in customs duty on solar modules
- GST reduction on renewable energy equipment
- The reduction is treated as Change in Law events under renewable energy contracts, which means developers must pass on the benefits to consumers
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