Mercom Insider

CERC Directs SECI to Compensate Solar Developer for GST Claims

However, the Commission rejected the developer’s claims for ‘carrying cost’

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


The Central Electricity Regulatory Commission (CERC), in a recent order, directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to the imposition of the Goods and Services Tax (GST) on an annuity basis. The Commission noted that the introduction of the GST laws was a ‘Change in Law’ event as per the provisions of the power purchase agreement (PPA).

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS