1. Indian Tax Reform Uncertainty Concerns Energy Storage ndustry

    Indian Tax Reform Uncertainty Concerns Energy Storage ndustry

    A lack of clarity around India’s recently enforced Goods and Services Tax (GST) Bill has caused a PV tender delay in the state of Gujarat and prompted the nation’s energy storage alliance industry group to write a letter of appeal to the government. The India Energy Storage Alliance (IESA) has now sent a letter to energy minister Piyush Goyal asking for clarity over taxes on separate segments of cells and batteries.

    Read Full Article
  1. Quotes

    1. We believe the rates currently proposed for these components if applicable also to secondary batteries (i.e. rechargeable batteries/energy storage) could hinder the adoption of energy storage in grid applications such as energy access/renewable energy (RE) integration as well as large-scale adoption of electric vehicles (EV) in the country.
    2. Plus there is some apprehension from some of the international companies that are importing; there will be 10% basic customs duty, so all in, it could end up being 38% duty.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences