TaxTMI 
TaxTMI 
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?
DFIA License
08 Aug 2019 
6 Replies 
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GST applicability on DFIA licence: treated as sale of goods and likely subject to GST absent express exemption.
Whether sale of a DFIA Licence is exempt from GST is contested: an administrative ruling sequence (AAR/AAAR) in Spaceage Syntex addressed non-payability, but no GST Council notification or circular grants a general exemption. Practitioners note MEIS/SEIS credits are seen as incentives and exempt, while DFIA Licences may be treated as sales of goods and thus subject to GST absent explicit exemption. (AI Summary)
Whether sale of a DFIA Licence is exempt from GST is contested: an administrative ruling sequence (AAR/AAAR) in Spaceage Syntex addressed non-payability, but no GST Council notification or circular grants a general exemption. Practitioners note MEIS/SEIS credits are seen as incentives and exempt, while DFIA Licences may be treated as sales of goods and thus subject to GST absent explicit exemption. (AI Summary)