MEIS licenses

[Kusalava InternationalLimited]

What is the Rate of Tax on Sale of intangible Items like MEIS licenses and others from export incentive scheme.

AI Summary

GST Implications on MEIS License Sales: No Tax on Online Transfers, 18% on Broker Services, Check Export Goods Rates. A discussion on the Goods and Services Tax (GST) applicable to the sale of intangible items like MEIS licenses from export incentive schemes. One participant clarifies that transferring MEIS licenses online incurs no tax, but broker services attract an 18% charge. Others suggest checking the GST rate based on the items under which MEIS was obtained, with GST rates varying based on the goods exported. Another participant mentions a possible 12% GST rate, while another states that Duty Credit Scrips fall under HSN 4907, attracting no GST according to a specific notification.