Developers want a five percent goods and services tax on battery storage systems. This change would support faster deployment of renewable energy projects. A lower tax rate could significantly reduce the cost of energy storage. India needs substantial energy storage capacity by the year 2032. This reduction offers considerable financial benefits for the nation's energy sector.
Synopsis
Developers want a five percent goods and services tax on battery storage systems. This change would support faster deployment of renewable energy projects. A lower tax rate could significantly reduce the cost of energy storage. India needs s... [2445 chars]
Source: The Economic Times
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