CERC Allows Compensation to Solar Developers Under Change in Law due to GST

The Central Electricity Regulatory Commission (CERC) has ruled that solar developers are entitled to compensation in lieu of higher expenses incurred after the Goods and Services Tax (GST) came into force. The compensation would qualify under the ‘Change in Law’ event and will be applicable even if GST was promulgated after the project’s commercial operation date (CoD). Further, the Commissio…