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TMI BlogManner of filing refund of unutilized ITC on account of export of electricityX X X X Extracts X X X X X X X X Extracts X X X X ..... id 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 July, 2022 To, The Principal Chief Commissioners / Chief Commissioners ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quired 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 of energy exported, tariff per unit for export of electricity as per agreement. 2.3 The applicant will also be required to upload the copy of statement of scheduled energy for electricit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vant 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 Amount = (Turnover of zero-rated supply of goods + Turnover of zero rated supply of services) x Net ITC ÷Adjusted Total Turnover Export of electricity being zero-rated supply, refund of unutilised ITC on account of export of electricity would also be calculate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 be calculated as per the clause (E) of sub-rule (4) of rule 89. However, as electricity has been wholly exempted from the levy of GST, therefore, as per the definition of adjusted total turnover provided at clause (E) of the sub-rule (4) of rule 89, the turnover of electricity supplied domestically woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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) de2 (PX) de3 -- -- (buyerentityN) deN Subtotal Domestic Sale (A) Sum of (de1+de2+…….+deN) Cross Border Country 1_entity1 ee1 Country 2_entity2 ee2 -- -- CountryN_entity3 eeN Subtotal Export (B) Sum of (ee1+ee2+….+eeN) Total Scheduled Energy of Generating Station (C=A+B) (insert sum of subtotal-A and subtotal-B) Note: As per Complementary Commercial Mechanism under S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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