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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 8 2019 12:00AM

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