Electricity is the heart of growth of economy, it is critical for better development and sustained growth of the country. Constitutionally the proposed GST bill allows the levy of GST on all goods, other than those specified. Electricity is not amongst those goods, which are specifically excluded. Lets discuss today impact of GST on Power Sector.
Indian power sector is divided in 2 Major types:
- Renewable Power – Solar, Wind, SHP, BG, BP, U&I
- Non – Renewable Power – Coal, Gas and Oil
Lets look at the statistics of power industry:
|Sector||MW||% of Total|
|Fuel||MW||% of Total|
|RES (Renewable Energy Sources)||50,018||15.6%|