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  • Indicative Impact of GST On Wind Power Project

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    Rema Devi
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    This document compares the tax structure and impact of taxes on the costs of a wind power project under the previous tax system and the new Goods and Services Tax (GST) regime in India. It finds that under GST, the procurement costs are slightly lower by 0.38% compared to the previous tax system due to uniform GST rates applied to all components and services related to the project. Key cost categories like nacelles, blades, towers see a similar 5% tax rate under GST, replacing the earlier VAT of 5-14.5%. Overall, the indicative total procurement cost decreases from 108.91 to 108.53 crores.

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    The document concludes all interstate impact on gst

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    Intrastate impact_GST

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    This document compares the tax structure and impact of taxes on the costs of a wind power project under the previous tax system and the new Goods and Services Tax (GST) regime in India. It finds that under GST, the procurement costs are slightly lower by 0.38% compared to the previous tax system due to uniform GST rates applied to all components and services related to the project. Key cost categories like nacelles, blades, towers see a similar 5% tax rate under GST, replacing the earlier VAT of 5-14.5%. Overall, the indicative total procurement cost decreases from 108.91 to 108.53 crores.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views1 page

    Indicative Impact of GST On Wind Power Project

    Uploaded by

    Rema Devi
    This document compares the tax structure and impact of taxes on the costs of a wind power project under the previous tax system and the new Goods and Services Tax (GST) regime in India. It finds that under GST, the procurement costs are slightly lower by 0.38% compared to the previous tax system due to uniform GST rates applied to all components and services related to the project. Key cost categories like nacelles, blades, towers see a similar 5% tax rate under GST, replacing the earlier VAT of 5-14.5%. Overall, the indicative total procurement cost decreases from 108.91 to 108.53 crores.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Indicative impact of GST on wind power project

    Erstwhile tax structure GST Tax Structure


    °A of
    Sr.
    Cost Category total Applicable Rate Amount Applicable Rate Amount
    No .
    cost Tax (%) (INR) Tax (%) (INR)

    Nacelle &
    1 35.95 VAT 5.00% 1.80 CGST+SGST 5.00% 1.80
    Accessories
    2 Blade — Rotor 22.45 VAT 5.00% 1.12 CGST+SGST 5.00% 1.12
    Tower &
    3 14.47 VAT 5.00% 0.72 CGST+SGST 5.00% 0.72
    Accessories
    Materials (for Excise 13.50% 0.59
    Windfarm level
    4 facilities) and 4.37 CGST+SGST 18.00% 0.79
    Civil VAT 14.50% 0.63
    Foundation
    Unit substation Excise 12.50% 0.57
    5 & foundation 4.52 CGST+SGST 18.00% 0.81
    material VAT 5.00% 0.25

    Excise 12.50% 0.18


    6 Transformer 1.47 CGST+SGST 18.00% 0.26
    VAT 5.00%
    Total 83.23 5.91 5.51

    Services
    Installation of
    Service IGST/CGST 18%
    9 turbine & other 16.77 15.00% 3 3.02
    Tax +SGST
    services

    Total 100 7 8.53


    Total Procurement
    108.91 108.53
    Cost

    Increase in Procurement Cost (.38)%


    Note: These are indicative calculations and may vary with size of wind power project.

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