Taxability of Meis scrips

Is income tax required to be paid on sale of Meis scrips?

Is this sale now subject to GST ?

Replies (2)
Quick Summary
This discussion clarifies the tax implications of selling MEIS scrips. While MEIS scrips are subject to income tax and must be included in income tax computations, they are not subject to Goods and Services Tax (GST). You should report these sales in your GSTR1 and GSTR3B, but no GST payment is required.

It wil be added for Income tax computation. It shall be shown in GSTR1 and 3B as sales, but no GST is required to be paid.
No GST applicable but same is considered in income tax

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details