India Customs Agency Clarifies GST Refund Procedure for Unutilized Input Tax Credits on Electricity Exports

The Indian Central Board of Indirect Taxes and Customs July 6 posted online Circular No. 175/07/2022-GST, clarifying procedures for obtaining a refund of unutilized Input Tax Credit (ITC) on exports of electricity. The circular explains: 1) the procedures for the electronic filing of Form GST RFD-01 through the agency’s portal to claim a refund; 2) the requirement that a refund claim be filed within two years of the last day of the month during which the electricity was exported, as specified; and 3) how unutilized ITC refund amounts are calculated. [India, Central Board of Indirect Taxes and Customs, 07/06/22]

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