Renewable energy companies urged to show records on transfer of benefits from GST cuts

The power regulator has directed renewable energy developers to reconcile the impact of recent goods and services tax (GST) cuts using audited records before claiming any relief, a move that tightens scrutiny over how companies book ‘change-in-law’ adjustments.

In a suo motu ruling, the Central Electricity Regulatory Commission (CERC) said monthly tariffs must be revised-or refunds issued-to reflect the GST rate cut to 5% from 12%. The directive, industry executives said, raises the bar on internal systems, audit trails and disclosures for both developers and discoms, aiming to curb disputes and enforce greater discipline in documentation.