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\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/id-260-solar-energy-storage-manufacturers/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nID 260 Solar Energy Storage Manufacturers\nID260\nID 260 Solar Energy Storage Manufacturers\nSolar energy storage manufacturers want lower GST levy on batteries – Seek classification under 5% slab\nNew Delhi, July 10:\nSolar energy storage manufacturers have sought lowering the Goods and Services Tax levy on batteries.\nIn a letter to Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy, and Mines, Piyush Goyal, the India Energy Storage Alliance said, “We believe the rates currently proposed for these components if applicable also to secondary batteries (that is rechargeable batteries/energy storage) could hinder the adoption of energy storage in grid applications such as energy access/Renewable Energy (RE) integration as well as large-scale adoption of Electric Vehicles (EV) in the country.”\n

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id 260 solar energy storage manufacturers

ID 260 SOLAR ENERGY STORAGE MANUFACTURERS

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/id-260-solar-energy-storage-manufacturers/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ID 260 Solar Energy Storage Manufacturers

ID260

ID 260 Solar Energy Storage Manufacturers

Solar energy storage manufacturers want lower GST levy on batteries – Seek classification under 5%

slab

New Delhi, July 10:

Solar energy storage manufacturers have sought lowering the Goods and Services Tax levy on batteries.

In a letter to Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy, and

Mines, Piyush Goyal, the India Energy Storage Alliance said, “We believe the rates currently proposed for

these components if applicable also to secondary batteries (that is rechargeable batteries/energy storage)

could hinder the adoption of energy storage in grid applications such as energy access/Renewable

Energy (RE) integration as well as large-scale adoption of Electric Vehicles (EV) in the country.”

The industry has suggested that primary cells and batteries should be classified in the 5 per cent slab

under devices for renewable energy projects and spare parts. The equipment is currently taxed in the 28

per cent per cent slab according to the rate schedule released on May 18. In the representation, the

industry has also sought lowering the tax rate on waste and scrap of spent primary cells and batteries

from 18 per cent to 5 per cent.

in its representation the industry said over

In its representation, the industry said, “Over 1000MWh of Lithium ion batteries have already been

deployed across telecom towers in India for diesel minimization. The proposed tax structure could slow

the momentum of this progress from an economic viability point of view.”

The push towards reaching a 100 per cent Electric Vehicle (EV) nation by 2030 will also receive a set

back from the GST rate. The industry said, “Batteries are a major cost component of Electric Vehicles

(EVs) accounting for nearly half of the total cost of the vehicles…Under the proposed slab of 28 per cent

for batteries, the cost of EVs would increase significantly from their current prices.”

It added, “We believe the proposed tax slab of 28 per cent for batteries would dampen the consumer

interest in EVs as the costs are expected to increase.”

http://www.thehindubusinessline.com/economy/policy/solar-energy-batterygst/article9758357.ece

Based on the news on “Solar energy storage manufacturers want lower GST levy on batteries”, develop a

critical response to the following questions:

1. Critically analyze the impact of lowering the Goods and Services Tax (GST) levy on batteries from 28%

to 5% on battery market in India, all else being equal. (Tips: please analyze the impact on market

outcome in terms of price, quantity, consumer and producer surplus, etc.)

2. Critically analyze the impact of lowering the GST on batteries from 28% to 5% on Electric Vehicle (EV)

market in India. (Tips: rechargeable battery is an input for EV. Please analyze the impact on market

outcome in terms of price, quantity, profit in the short and long run.)

3. Critically analyze the impact of lowering the GST on batteries from 28% to 5% on petrol vehicle market

in India.

4. Does the proposal of lowering GST on batteries by solar energy storage manufacturers help the

government’s push towards reaching a 100 per cent Electric Vehicle (EV) nation by 2030? Do you think

such a proposal should be considered by Minister of State (Independent Charge) for Power, Coal, New &

Renewable Energy? To give a good critical response to the above questions, you need to:

1. Conduct research on GST implemented in India. Understand the pertinent regulations on batteries.

2. Apply economics models to analyze the above questions.

3. Format your critical response in essay format.

4. Restrict your word limit within 1000 words, excluding reference list and appendix.

5 critical response must be typed in 12 point

5. Critical response must be typed in 12 point Time New Roman font, double spaced and 2.5 cm margins.

Insert tables and graphical displays of your data analysis in the text where appropriate and make sure

you interpret them properly in the main text.

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