banner_ad

Export incentives/Duty draw back

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 May 2022 we are exporting some products and we are getting Export incentives ..
is that amount taxable under GST act ?
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
07 May 2022 Export incentives in nature of drawback are not supplies therefore no gst applicable
Profile Image

CA Akshay Hiregange

Profile Image

CA Akshay Hiregange (Expert)
09 May 2022 Export incentives such as MEIS/SEIS scrips can be sold in the market at 85-95% of its value. If done so it would cover under HSN 4907 as is exempt from GST. ITC in relation to such supply would need to be reversed as per Rule 42/43
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details