Transaction in electricity & clean energy certificates are exempted from TCS & TDS
The Central Board of Direct Taxes (CBDT) issued new guidelines for the applicability of Tax deducted at Source (TDS) and Tax collected at source (TCS). Under the new guidelines, e-commerce operations which include transactions in electricity and trading of clean
FOR THE FIRST TIME, INDIA BECOMES A NET EXPORTER OF ELECTRICITY, SAYS POWER MINISTRY:
As per an article in the Times of India, the power ministry on 29th March, 2017 declared that India has now become a net exporter of power. Power export of about 5,498 million units was seen from April '16 -
TN lifts ban on inter state open access
According to an article in Times of India (refer), Tamil Nadu has allowed consumers and generators in the state to procure and sell power from/to outside states. The directive comes in continuation to commitment given by Hon'ble CM of TN - that
Buying power from Exchanges economically viable for Captive Plants
According to an article in Business Standard, captive power plants have resorted to buying power from power exchanges than generating by themselves. This behavioural change of power procurement has been attributed to two main reasons : 1. Unavailability of domestic coal. 2.
Maharashtra hikes cross subsidy surcharge
Maharashtra Electricity Regulatory Commission on 29th October 2013, rolled out an order which raises the cross subsidy surcharge (CSS) to a level which can be detrimental for the growth of power market in the state. This is MERC's second revision