TaxTMI 
TaxTMI 
Manner of filing refund of unutilized ITC on account of export of electricity
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....rmity, it has been decided that the said circular issued by the CBIC is being made applicable, mutatis mutandis, in implementation of the MGST Act, 2017. Copy of the referred CBIC circular is attached herewith. This Trade Circular is clarificatory in nature. Difficulty if any, in the implementation of this Circular may be brought to the notice of the office of the Commissioner of State Tax, Maharashtra. Yours faithfully, (RAJEEV KUMAR MITAL) Commissioner of State Tax, Maharashtra State, Mumbai Circular No. 175/07/2022-GST F.No. CBIC-20001/2/2022-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 6th&nbs....
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.... account of export of electricity: 2. Filing of refund claim: 2.1 Till the time necessary changes are carried out on the portal, the applicant would be required to file the application for refund under "Any Other" category electronically in FORM GST RFD-01, on the portal. In remark column of the application, the taxpayer would enter "Export of electricity- without payment of tax (accumulated ITC)". At this stage, the applicant is not required to make any debit from the electronic credit ledger. 2.2 The applicant would be required to furnish/upload the details contained in Statement 3B (and not in statement 3) of FORM GST RFD-01 (in pdf format), containing the number and date of the export invoices, details ....
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....hereinafter referred to as "REA") under Regulation 2(1)(nnn) of the Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2010. Accordingly, it is hereby clarified that in case of export of electricity, the relevant date shall be the last date of the month, in which the electricity has been exported as per monthly Regional Energy Account (REA) issued by the Regional Power Committee Secretariat under regulation 2(1)(nnn) of the CERC (Indian Electricity Grid Code) Regulations, 2010. 4. Processing of refund claim by proper officer 4.1 Rule 89(4) provides for the formula for calculation of refund of unutilised ITC on account of zero-rated supplies which is reproduced as under: Refund Amou....
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....reed contracted rates). 4.3 It is also mentioned that usually, the quantum of electricity exported as specified in the statement of scheduled energy exported and on invoice should be same. However, in certain cases, it might happen that the quantum of electricity exported as mentioned on invoice is different from the quantum of electricity exported mentioned on the statement of scheduled energy uploaded with REA on Regional Power Committee website. In such cases, turnover of export of electricity shall be calculated using the lower of the quantum of electricity exported mentioned on the statement of scheduled energy exported and that mentioned on the invoice issued on account of export of electricity. 4.4 Adjusted Total Turnover shall....
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....cept nuclear, gas, domestic linkage coal, mix fuel) for claiming Input Tax Credit 1. Month in which electricity was exported : (mmm/yyyy) 2. Name of Generating Station and Location : (insert name of Generating station, District, State) 3. Name of Company : (insert name of Company) 4. GSTIN of Company : (insert GSTIN of Company) 5. Installed capacity of Generating Station : (insert Installed capacity in MW) 6. Connection point, State and region : (specify "STU/ISTS" - insert name of sub-station), state, region 7. Details of the Scheduled Energy during the month: Domestic Name of Domestic Entity Scheduled Energy in (MU) (buyer entity 1) de1 (buyer entity 2) ....