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TMI BlogFormula for reversing GST ITC Credit on Sale of MEIS/SEISX X X X Extracts X X X X X X X X Extracts X X X X ..... We are exporter. Hence we are getting MEIS/SEIS Script. We have planned to sale the same to other party. As per recent Notification, sales of script is come under exempted goods Chapter Heading No.49 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 07 . Our queries as follows: 1. Whether sale of the same is come under Section 17(2) . 2. Whether we have to reverse GST ITC for the above sales. Since we are selling goods at zero rates in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... case of export and we have got script based on export sales. Further neither we have taken any credit on purchase/issue of such script nor we have used any GST paid materials/services on sale of such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... script. 3. If so, what is the formula to be applied for reversing the GST ITC Script (if it is not 100% exempted). - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view section 17(2) w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill not be applicable in your case. Experts views are solicited. - Formula for reversing GST ITC Credit on Sale of MEIS/SEIS - Query Started By: - SHAHID HASHMI Dated:- 9-10-2018 Goods and Services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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