RE companies move to the high court requesting exemption from GST on RECs
Renewable Power companies have moved to the Delhi High Court requesting an exemption from Goods & Service Tax on the REC certificates. Currently, there is a GST rate of 12% applied to Renewable Energy Certificates. The Delhi Court had issued
Revenue from sale of carbon credits not taxable
As per a recent ruling by Andhra Pradesh High Court, the revenue accrued on account of sale of carbon credits is "not taxable". The judgement came in a case between The commissioner of Income Tax, Hyderabad vs My Home Power