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of <h1>Bihar GST Update: New Procedure for Filing Refunds of Unutilized ITC on Electricity Exports via Form GST RFD-01.</h1> The circular addresses the procedure for filing refunds of unutilized input-tax credit (ITC) for electricity exports under the Bihar GST framework. It clarifies that electricity, classified as 'goods' under GST, does not require a shipping bill for exports, necessitating procedural adjustments. A new clause and statement format have been introduced for refund applications via Form GST RFD-01. The relevant date for refund claims is the last day of the export month, as per the Regional Energy Account. Refund calculations use a specified formula, and discrepancies between scheduled and invoiced energy must be resolved using the lower quantity. The circular outlines the responsibilities of the proper officer in processing these refund claims.
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