Sirs
The sales of MEIS Licence exempt from GST. Now GST officers issuing the SCN, while calculating the refund the Exempt sales also taken into the account for Total Turnover. The MEIS Licence is a one of the Export incentive, there is no Input credit for the same. The notice said reverse the ITC or if refund received, repay the value with interest.
Please let me know any case law in taxpayer favour to give reply to the GST officer.
Please clarify in this regard
S. Ravichandran
The sale of MEIS licenses is an exempt supply. While it previously necessitated ITC reversal, Notification No. 14/2022 now excludes the value of these duty credit scrips from the total turnover for the purpose of calculating ITC reversal under Rules 42 and 43. Use this notification and the cited Advance Ruling as your primary legal defense in your reply to the GST officer.
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