Power ministry moves to bring electricity in GST’s ambit, Dec 31, 2021
Posted On : January 21, 2022
- Electricity costs are a substantial component of manufacturing expenses, and any reduction will help the government’s Make in India push, being rolled out through the PLI scheme
- The power ministry has told the finance ministry it favours bringing electricity under the goods and services tax, two government officials aware of the development said, outlining a proposal that could help reduce electricity tariff for consumers. Electricity costs are a substantial component of manufacturing expenses, and any reduction will help the government’s Make in India push, being rolled out through the production-linked incentive scheme.