Green energy transition gets turbo-charged
India’s clean energy transition receives a boost as GST rationalization lowers taxes on renewable energy products to 5%, reducing project costs and benefiting utilities. Conversely, GST on oil and gas projects increases to 18%, raising exploration and production expenses, potentially squeezing margins amidst already subdued oil prices and impacting pipeline companies.
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India’s clean energy transition receives a boost as GST rationalization lowers taxes on renewable energy products to 5%, reducing project costs and benefiting utilities. Conversely, GST on oil and gas projects increases to 18%, raising exploration and production expenses, potentially squeezing margins amidst already subdued oil prices and impacting pipeline companies.
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