UNIT IS ASSEMBLING SOLAR PLANT PARTS TO INSTALLATION OF ROOF TOP SOLAR PLANTS. PLS GUIDE GST RATE AND HSN
GST RATE ON SOLAR PLANT INSTALLATION
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GST on solar plant installations: concessional goods value covers the bulk of contract price, remainder treated as taxable service.
For integrated supplies of specified renewable energy goods with services, Notification No. 24/2018-Central Tax (Rate) deems a major portion of the gross consideration as the value of the goods (which attract the concessional rate) and the remaining portion as the value of the taxable service, ensuring apportionment of contract value between goods and services for GST application. (AI Summary)
For integrated supplies of specified renewable energy goods with services, Notification No. 24/2018-Central Tax (Rate) deems a major portion of the gross consideration as the value of the goods (which attract the concessional rate) and the remaining portion as the value of the taxable service, ensuring apportionment of contract value between goods and services for GST application. (AI Summary)
TaxTMI 