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
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