CERC Directs Renewable Energy Firms to Use Audited Records for GST Cut Relief

Overview

India's power regulator, the Central Electricity Regulatory Commission (CERC), has mandated that renewable energy developers must present audited records to reconcile the impact of the recent Goods and Services Tax (GST) reduction. The GST on renewable energy devices and parts has been cut from 12% to 5%. This directive emphasizes stricter internal systems, audit trails, and disclosures, aiming to curb disputes and enforce greater discipline in booking 'change-in-law' adjustments.