Wednesday, September 30, 2015

Andhrapradesh Commercial Tax: GRANT OF REFUND OF TAX PAID BY SOLAR POWER DEVELOPERS


The Revenue (Commercial Taxes-II) Department, Government of Andhra Pradesh vide Notification No. G.O.MS. No. 315 dated 4th September has granted the refund of VAT paid in Andhra Pradesh by Solar Power Developers on the purchases of the following inputs used in the establishment / setting up of Solar Power Projects/Plants in Andhra Pradesh, which are commissioned by June, 2014, as envisaged under the Andhra Pradesh Solar Power Policy, 2012:
“Solar P.V. Modules, Solar Modules mounting structure components,  Solar Module Tracker System including bearings (in case of Trackers are provided), Inverters, Cables, Connectors, Transformers, L.T. Panel, H.T. Panel, Switch Gear Panel, Vacuum Circuit Bracker (VCB), ABT,    Meters, Earthing material, Batteries & Battery Charger,DC / AC fuses, Junction Boxes, PVC Pipes ,Lux, SCADA System, Weather Station including Solar Radiation Measuring Instruments.

The above grant of refund is subject conditions:         
  • Inputs should have been directly used to set up Solar Power Plant and should have become a part of it.
  • Refund is not extendable to consumables like Diesel, Welding Rods etc.
  • Refund is also not extendable to inputs used to operate Solar Power Plant.
  • Refund claim is to be made in duplicate in Form-510 as per Rule 35(11) of Andhra Pradesh VAT Rules, 2005 to the CCT within 6 months from this notification
  • date, after prior scrutiny & approval by the Energy (Pr.II) Department.
  • Claim shall be accompanied  by invoices.       
  • After verifying the invoices, CCT shall refund the tax paid on eligible inputs within 45 days from the date of submission of Form-510 as per Rule 35(11) of Andhra Pradesh VAT Rules, 2005.
By
JAV & Associates, Chartered Accountants

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