Govt. clarifies on classification of renewable energy plants, turbo chargers, LPG for domestic use

Govt. clarifies that concessional rate of 5% in respect of setting up of Waste to Energy plants (WTEP) under Sr. No. 234 of Schedule I of Notification No. 1/2017-Central Tax (rates) would be available only to such machinery, equipment etc., falling under Chapter 84, 85 and 94 used in the initial setting up of renewable energy plants and devices; Explains that said entry would not cover goods falling under other chapters while further clarifying that GST is to be self-assessed...