MEIS licenses

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..... MEIS licenses
Query (Issue) Started By: - Kusalava InternationalLimited Dated:- 7-7-2017 Last Reply Date:- 20-3-2018 Goods and Services Tax - GST
Got 5 Replies
GST
What is the Rate of Tax on Sale of intangible Items like MEIS licenses and others from export incentive scheme. Reply By Kishan Barai: The Reply: No Tax on transferring MEIS license to other Importer / Exporter as it is d .....

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..... one online but MEIS Broker do charge for their services, for those services charge 18% would be attracted Reply By MUKUND THAKKAR: The Reply: please check your items under which items you had obtain MEIS and charged GST accordingly for sales of MEIS. Reply By Sunil Godbole: The Reply: The reply was "please check your items under which items you had obtain MEIS and charged GST accordingly .....

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..... for sales of MEIS." If we export "GST Exempted Goods" then there will not be any tax and if we export GST 5% rated Goods" then there will be 5% GST: Is this the correct interpretation ? Reply By Rahul Agrawal: The Reply: GST Rate on MEIS might be 12% same is not clear yet. Read this article it might help you. http://www.business-standard.com/article/economy-policy/sale .....

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..... -of-scrips-under-export-promotion-schemes-to-attract-12-gst-117080400040_1.html Reply By Ganeshan Kalyani: The Reply: Duty Credit Scrips fall under HSN 4907 attracting GST@NIL , as given under Notification no. 2/2017-CTR dated 28.06.2017 as updated from time to time. Thanks.
Discussion Forum - Knowledge Sharing .....

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