TaxTMI 
TaxTMI 
What is the Rate of Tax on Sale of intangible Items like MEIS licenses and others from export incentive scheme.
MEIS licenses
07 Jul 2017 
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GST treatment of MEIS licences depends on classification; scrip transfers may be nil-rated while brokerage services are taxable.
GST treatment of transfers of MEIS scrips depends on classification and the nature of the supply: electronic transfer may not attract GST, brokerage services for transfers are taxable, and some commentary links taxability to the GST rate of the underlying exported goods. Notification-based classification has been cited to treat duty credit scrips under HSN 4907 as nil-rated under Notification No. 2/2017-CTR, but practitioner views on applicable rates remain mixed and require verification against current notifications. (AI Summary)
GST treatment of transfers of MEIS scrips depends on classification and the nature of the supply: electronic transfer may not attract GST, brokerage services for transfers are taxable, and some commentary links taxability to the GST rate of the underlying exported goods. Notification-based classification has been cited to treat duty credit scrips under HSN 4907 as nil-rated under Notification No. 2/2017-CTR, but practitioner views on applicable rates remain mixed and require verification against current notifications. (AI Summary)