2024-06-13 20:54:30
(Net Desk) People who find themselves nervous about costly electrical energy have been heard, within the subsequent monetary 12 months funds 2024-25 introduced by the federal government, a rare tax exemption has been given on its uncooked supplies for the promotion of photo voltaic vitality within the nation, after which photo voltaic The costs of panels, photo voltaic inverters, photo voltaic batteries and different objects will additional lower.
In accordance with the finance invoice, the federal government has eradicated the tax on nearly the uncooked supplies of photo voltaic cell manufacturing within the funds, the three% tax on its uncooked supplies was levied within the final fiscal 12 months’s funds.
Other than this, in response to the finance invoice, the federal government has lowered the tax on equipment and gear used within the manufacture of photo voltaic PV modules panels to zero. The import tax has additionally been abolished, equally the federal government has additionally made zero tax on the machine or gear used within the manufacture of photo voltaic inverter.
Within the final monetary 12 months, a tax of 20% was imposed on solder pots of the identical class, solder cleansing gear.
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In accordance with the finance invoice, the tax on equipment and gear used within the manufacture of lithium-ion batteries has been abolished within the funds of the subsequent fiscal 12 months 2024-25.
Within the earlier fiscal, taxes starting from 5 to twenty % have been levied on many of the gear, however now all these equipment and gear have been exempted from tax.
2024-06-13 20:54:30