Clean energy projects installations to get cheaper due to lower tax on devices

Clean energy projects installations are likely to get cheaper as the GST rate on renewable energy devices and parts has been slashed from 12 per cent to 5 per cent to promote adoption of green power.

At its 56th meeting on Wednesday, the GST Council also recommended the duty to be reduced from 12 per cent to 5 per cent on fuel cell motor vehicles including hydrogen vehicles based on fuel cell technology, besides solar cookers and solar water heater and systems.