MEIS Duty Credit Scrip

Kallol Sarkar (Accountant) (188 Points)

15 January 2020  

We have export sales for which we earned some MEIS reward and we have sold this duty credit scrip.

Sale of Duty Credit Scrip is an exempted sale.

Question is should we reverse proportionate input tax credit under sec 17(2) of CGST act. against this exempted income received ?