Dharmendra Kumar

Dharmendra Kumar

Dharmendra is an Analyst for the IHS Solar research group. His primary area of focus is the Indian PV market and the value chain from modules to EPC companies. Dharmendra closely follows PV project activity in India for the Solar Deal Tracker. He contributes with research and analysis to the global and regional reports for IHS Technology. Prior to joining Solar Energy research group, Dharmendra was an Analyst with IHS Janes & Fairplay (Defence & Maritime) teams. Dharmendra graduated from Bangalore University, India with an MSc. in Biological Sciences.


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India keeps moderate GST; new petition for anti-dumping duties

The government of India has decided to roll-out Goods and Service Tax (GST) rates by 1 July 2017. The GST Council has released the rates and grouped the products/goods in five different tax brackets (0%, 5%, 12%, 18%, and 28%). As per the GST rate schedule released, renewable energy devices & spare parts used for their manufacture will be taxed at 5%. Further in the description part of the rate schedule, it also says that solar power based devices and solar power generating systems will also fall under the 5% tax bracket. There has been a clarification provided by the GST Council that Solar panels will fall under the 5% tax bracket, bringing big relief to both developers and suppliers, since earlier drafts included solar panels under the 18% tax bracket.

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Power & Energy Technology
India Utility-Scale Solar PV Report - 2017

This report takes a closer look at the drivers, opportunities, constraints and the competitive landscape of the Indian market for utility-scale PV plants.

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Power & Energy Technology
Delay in GST roll-out until September benefits module suppliers in the Indian PV market

The introduction of a comprehensive indirect tax regime under the Goods and Services Tax (GST) in India is likely to be delayed from April 2017 to the latest September 2017. Such a delay extends the window to install PV systems at lower tax rates, and will impact the quarterly distribution of India PV demand. In 2016, the government of India announced the introduction the GST in order to make India a common marketplace, with uniform taxes. This new tax regime will subsume all other indirect taxes that are currently applicable in India. A side effect of the GST introduction is that the tax exemptions for PV systems will end. As a result, the Ministry of New and Renewable Energy (MNRE) estimates that the total cost to install for grid-connected solar PV will increase by 12% to 16%. From 16 September 2017, all existing central and state indirect tax laws will void, as defined by the Indian constitution. This means GST must be implemented before the given date.

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Power & Energy Technology
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