GST Council may clarify on tax rate for solar modules at 3 June meeting

The goods and services tax (GST) Council is likely to clarify on the tax rate applicable to solar modules at its next meeting in early June, which might reverse a decision to set an 18% rate on the key component of solar energy infrastructure, company executives say. Under the final GST rates, which takes effect on 1 July, solar modules have been classified under an 18% tax slab; the present effec…