DFIA License

[Kaustubh Karandikar]

Duty Credit Scrips issued under MEIS and SEIS scheme, if the same are sold, are exempted from payment of GST. Does this include DFIA Licence also? If yes under which notification / circular?

AI Summary

GST Exemption on Duty Credit Scrips Under DFIA License Unclear; Differing Opinions on Applicability Persist A forum participant inquired whether Duty Credit Scrips under the DFIA License are exempt from GST like those under the MEIS and SEIS schemes. One respondent referenced a ruling involving Spaceage Syntex Pvt. Ltd., indicating GST is not payable, but noted the order was challenged. Another participant stated no specific GST exemption for DFIA has been issued by the GST Council. A different opinion suggested that since DFIA is not an incentive but a sale of goods, GST should apply. No definitive notification or circular clarifying this exemption was identified in the discussion.