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gst on electricity produced and supplied by sugar mills to electricity grid, Goods and Services Tax - GST |
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gst on electricity produced and supplied by sugar mills to electricity grid |
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Whether electricity produced by sugar mill by using by-product of sugar production (bagasse) and further supplying such electricity to electricity grid, comes under preview of GST or not. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Sale of electricity is exempt. Though, is it a sale of electricity to grid or that comes as a reduction in your electricity charges?
Another important aspect that you may require to analyse is whether there is any reversal of credit required for the inputs/capital goods etc. since these are all used to make taxable and exempt supplies. Under earlier regime, i.e. excise it is clear that no reversal is required though in GST may be disputed. Page: 1 |
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