Sale of meis licence in export

is there any circular

if we sell our meis license to another person the what is the rate of tax

Before 14.11.2017 it was taxable however as per updated rates notification sale of duty credit scrips are nil rated.

Check the recent rate of goods notification, SI NO.122A and HSN code 4907.  Unable to attach the notification.

sir, please guide how to get MEIS LICENSE ?

Is it exempt or nil rated. ? coz if they are exempt then it will attract Rule 42 and 43 workings.

It is exempt as per the Notification No 2/2017-Central Tax(Rate) Dated 28th June Read with Notification No 35/2017-Central Tax(Rate) Dated 13th October. You can refer the same.

As per para 3.02 of FTP 2015-2020, duty credit scrips shall be granted as rewards under MEIS. The nature of MEIS is fully transferable and can be utilized as per para 3.02 of FTP 2015-2020.

In all it is a reward granted by the government to offset the infrastructural inefficiencies and associated costs.

Further, we have not utilized any goods or services or both for effecting exempt supplies under this act. It is a reward not goods and we have not avail any Input Tax Credit on it. Therefore, at the time of supply of MEIS as goods under HSN 4907 as exempt supply not fulfill the provision of Sec.17 (2) of the act.

Do we have to Show the Duty scrip sale in GSTR-1 and GSTR-3B.

exempted or nil rated or zero rated, please confirm?

Do we have to Show the Duty scrip sale in GSTR-1 and GSTR-3B

 

Originally posted by : userrr
	Do we have to Show the Duty scrip sale in GSTR-1 and GSTR-3B

According to my opinion  It being out of GST, it is not required to be shown in GSTR-1 and GSTR 3B.