https://www.taxtmi.com/circulars?id=66426 Prescribes procedure for refund of unutilised Input Tax Credit on export of electricity: file Form GST RFD-01 under "Any Other" with remark "Export of electricity-without payment of tax (accumulated ITC)", upload Statement 3B (invoice details, energy exported, tariff per unit), REA statement of scheduled energy (Annexure-I) and agreements showing tariff. Relevant date is last day of month as per monthly REA. Refund is calculated under Rule 89(4) by valuing exported electricity as REA scheduled energy x agreed tariff, using the lower of REA or invoice quantities, and applying the formula (zero-rated turnover x Net ITC / Adjusted Total Turnover); officer verifies exclusions and may demand debit from electronic credit ledger before issuing refund and payment orders. en-us Mon, 25 Jul 2022 00:00:00 +0530 Thu, 15 Jun 2023 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66426 Prescribes procedure for refund of unutilised Input Tax Credit on export of electricity: file Form GST RFD-01 under "Any Other" with remark "Export of electricity-without payment of tax (accumulated ITC)", upload Statement 3B (invoice details, energy exported, tariff per unit), REA statement of scheduled energy (Annexure-I) and agreements showing tariff. Relevant date is last day of month as per monthly REA. Refund is calculated under Rule 89(4) by valuing exported electricity as REA scheduled energy x agreed tariff, using the lower of REA or invoice quantities, and applying the formula (zero-rated turnover x Net ITC / Adjusted Total Turnover); officer verifies exclusions and may demand debit from electronic credit ledger before issuing refund and payment orders. Circulars GST - States Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66426