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New Delhi: With this year’s Union Budget scheduled to be tabled on 1 February 2020, renewable energy industry’s expectations are high and everyone eyes are on the minister of finance Nirmala Sitharaman making big bang announcements for the sector.
While a majority of the industry stakeholders expect some sort of restructuring in the goods and services tax (GST) for solar and wind energy equipment, others are anticipating a single-window approval system and favorable net-metering regulations.

Industry heads are hoping for a range of announcements ranging from putting an end to central financial assistance (CFA) in solar rooftops to enabling a regulatory framework for the sector.
“In a perfect world, a clean energy product like solar rooftop should be GST free. If not, at least the current product to service ratio (70:30) in GST calculation needs to be restructured (90:10),” said Pranesh Chaudhary, founder and chief executive officer (CEO) at ZunRoof, a residential solar rooftop company.

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