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Govt: 12 per cent GST on renewable energy certificates

REC is a market-based instrument that is equivalent to 1 megawatt-hour (MWh) of electricity generated from a renewable source. The centre has clarified that 12 per cent GST (goods and services tax) is applicable on renewable energy certificates (RECs). Consequently, this will make renewable power more expensive. “It is hereby clarified that Renewable Energy Certificates […]