Refund of unutilised ITC for exported electricity: filing requirements, REA-based relevant date and formulaic calculation clarified. Procedure for refund of unutilised ITC on exported electricity requires filing FORM GST RFD-01 under 'Any Other' with Statement 3B, Statement 3A calculation, REA monthly statement from RPC and tariff agreements; relevant date is the last date of the month in which export appears in REA; refund computed under Rule 89(4) using REA scheduled energy multiplied by contracted tariff, using the lower of REA and invoice quantities, and adjusted total turnover excludes domestic electricity.
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Refund of unutilised ITC for exported electricity: filing requirements, REA-based relevant date and formulaic calculation clarified.
Procedure for refund of unutilised ITC on exported electricity requires filing FORM GST RFD-01 under "Any Other" with Statement 3B, Statement 3A calculation, REA monthly statement from RPC and tariff agreements; relevant date is the last date of the month in which export appears in REA; refund computed under Rule 89(4) using REA scheduled energy multiplied by contracted tariff, using the lower of REA and invoice quantities, and adjusted total turnover excludes domestic electricity.
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