Clean energy sector in a fix over GST rate on RECs

The Goods and Services Tax on Renewable Energy Certificates has left the clean energy industry scratching its heads. Industry bodies say that it is unusual for the trade of RECs to attract a GST when the trade of electricity does not. A wind industry sector watcher said, “Since there is no GST on the trade of power, why is there a tax on RECs?” What worries industry further is the confusion regard…