Sales tax exemption on: 1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through nuclear and renewable energy sources like solar, wind, micro-hydel bio-

Name of Incentive

Sales tax exemption on: 1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through nuclear and renewable energy sources like solar, wind, micro-hydel bio-

Type of Incentive

GST Incentive

Ministry

Agency

Sector

Power

Sub Sector

Product/Activity

Incentive Details

Description

Sales tax exemption on:
1. Machinery, equipment and spares meant for initial installation,  balancing, modernization, replacement or expansion of projects for power generation through nuclear and renewable energy sources like solar, wind, micro-hydel bio-energy, ocean, waste-to-energy and hydrogen cell. [This exemption in relation to renewable energy shall remain in force up to the 30th June, 2023.]

2. Construction machinery, equipment and specialized vehicles, excluding passenger vehicles, imported on temporary basis as required for the construction of project.

Explanation.- The expression “projects for power generation” means any project for generation of electricity whether small, medium or large and whether for supply to the national grid or to any other user or for in house consumption.

Criteria for Consideration

Sales tax exemption on:
1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through nuclear and renewable energy sources like solar, wind, micro-hydel bio-energy, ocean, waste-to-energy and hydrogen cell. [This exemption in relation to renewable energy shall remain in force up to the 30th June, 2023.]

2. Construction machinery, equipment and specialized vehicles, excluding passenger vehicles, imported on temporary basis as required for the construction of project.

Explanation.- The expression “projects for power generation” means any project for generation of electricity whether small, medium or large and whether for supply to the national grid or to any other user or for in house consumption.

Location for Consideration

Estimated Time

Ministry/Agency Details

Agency Contact

Agency Telephone

Agency Email

Agency Website

Agency Address

Guidelines/Forms

Remarks

Attachment

Online Form URL