Sale of MESE certificate

[RAHUL GAIKWAD]

Sir,

I Have sold the certificate Issued by DGFT against export. The certificate is under Merchant Export Incentive scheme.

I want to sell the said certificate, please let me know whether said is taxable under GST ?? if Applicable , under Goods of Srvice, and rate of Tax ??

AI Summary

Exemption for sale of MEIS certificates confirmed; exempt supply status affects input tax credit apportionment under GST rules.
Sale of MEIS certificates is an exempted supply under the GST exemption notifications effective mid-October 2017, so GST is not leviable on such transfers. If a taxable person makes both taxable and exempt supplies including sale of MEIS certificates, the apportionment and reversal mechanism for common input tax credit under the relevant GST input tax credit rule (Rule 42) applies, requiring proportionate reversal or adjustment of credits attributable to exempt supplies.