08 August 2019
Duty Credit Scrips issued under MEIS and SEIS scheme, if the same are sold, are exempted from payment of GST. Does this include DFIA Licence also? If yes under which notification / circular?
Please see AAAR, Maharashtra ruling in the matter of SPACEAGE SYNTEX PVT. LTD. According to the ruling, DFIA Licence are similar to Duty Credit Scrips issued under MEIS and SEIS and therefore, exempt from GST.
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