Will the increase in GST have any impact on the solar energy sector?
Today’s new era, where we adopt modern things in our regular lives, we are moving towards solar energy and wind energy in the modern field, leaving behind the old way like generating electricity from coal in the energy sector. But everyday things also cost more money. So today, we will discuss with you on this topic that if the GST is increased or reduced by the government, then what will be the effect on the pockets of the consumers and the energy sector.
How will this affect the consumers?
According to the new rules made by the government, from October 1, the rate of GST on solar energy can increase by 12% and on solar power equipment by 7% so that its direct effect will be read on the pockets of the consumers.
How can we reduce it?
Solar energy plates with better capacity can achieve success in reducing this problem to some extent. By increasing the generation of electricity by 20%-30% through new technology monocrystalline, half-cut monocrystalline and bi-facial plates, we can benefit the consumers and give relief from the increasing GST rate.