Higher GST from today likely to affect solar power rates

India’s  solar power  tariffs are expected to go up by around 10 paise per unit with a higher goods and services tax (GST) to be levied on cells, modules, and inverters from 1 October, said several developers and analysts.. The GST Council, at its 45th meeting on 17 September, recommended increasing GST on ‘specified renewable energy devices and parts’ from 5% to 12% with effect from 1 O…