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Question ID : 38131

Sale of MEIS Duty Credit Scrip to other person

Following are the queries: 1. Sale of MEIS Duty Credit Scrip to other person is taxable or exempted or Zero Rated Supply? 2. MEIS Duty Credit Scrip is duty drawback or not. 3. Whether it is required to reverse ITC claimed on sale of MEIS Duty Credit Scrip which i get on sale of export of goods without payment of tax under LUT.

Posted by CA Neha Gupta on May 08, 2019

Filed Under GST

Answer ID : 76548

sale of meis scrips is exempted vide sl no. 122A of noti, no.2/2017 central dt 28/06/2017

Posted by CA. VENKITARAMAN K V on May 08, 2019
Answer ID : 76727

The sale of scrip appears to be taxable. Regarding ITC please elaborate the facts of your case.

Posted by SIVADAS CHETTOOR on Jun 03, 2019